if-a-company-increases-its-sales-revenue-while-maintaining-the-same-cost-of-good

Question

If a company increases its sales revenue while maintaining the same cost of goods sold, what is the likely effect on the gross profit percentage?

Accepted Answer

The gross profit percentage will increase.

Answer

The gross profit percentage will become negative.

Answer

The gross profit percentage will decrease.

Answer

The gross profit percentage will remain the same.