True/False
A popular accounting text book sells for £35. Costs of producing each book are £24. Paper and ink costs increase by £1 per book. The marketing manager proposes increasing the selling price of each book to £36. He says: "increasing the cost of each book by £1 covers the increase in costs and maintains the gross profit % on each book."
Correct Answer:
Verified
Correct Answer:
Verified
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