Question
| Id | 213 |
|---|---|
| Number | 8 |
| Description | An analyst predicts that if a company ’s technological developments are a success , the company ’s operating costs will be reduced by 15%. As a result of the reduction in costs , the company will reduce the average selling price of its products by 5% and the volume of sales will increase by 8%. The company ’s current gross profit margin is 40%. If technological developments occur, the company ’s gross profit margin will be closest to: |