Problem

When a company that sells its products for a (gross) profit increases its sales by 15 perc...

When a company that sells its products for a (gross) profit increases its sales by 15 percent and its cost of goods sold by 7 percent, the cost of goods sold ratio will

A. Increase.

B. Decrease.

C. Remain unchanged.

D. Not be able to be determined with the information provided.

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