A trader gave the information below: year 1 versus year 2 gross profit: 40 000 / 75 000 gross margin: 35% / 35% profit margin: 11% / 22% What might account for these changes?
- Aan increase in selling price and a decrease in sales quantity
- Ban increase in selling price and an increase in expenses
- Can increase in sales quantity and a decrease in selling price
- Dan increase in sales quantity and a decrease in expenses