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  • June 9, 2012 at 2:54 pm #97770
    d6bc88156df5b1fbc4e159c4a36c74f6aa1742e00020a7ccd9abb454eb4ff297 80Showkat
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    Selling price is $10 and gross profit margin is 40%.

    Year 2:
    Selling price falls 5% to $9.5
    Therefore, gross profit will be ($9.5 X 40%) = $3.8

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