Acompany sells three different products. the first costs $8 and sells for $16, the second costs $18 and sells for $45, while the third costs $36 and sells for$120.
multiple choice
the third product is the highest margin good.
o
if the company can persuade some customers to switch to the third product, overall gross profit percentage will increase.
o
the gross profit percentages on the individual products are 50%, 60%, and 70%, respectively.
o o
all of the answers are acceptable