Assume that sales discounts in the current year exceed sales discounts in the prior year.Assume that nothing else changes.
Required:
Determine the impact of an increase in sales discounts on the company's gross profit percentage (that is,whether it will increase,decrease,or not be affected).Include a simple example to prove your answer.

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The Answer of Assume that sales discounts in the current year exceed sales discounts in the prior year.Assume that nothing else changes.
Required:
Determine the impact of an increase in sales discounts on the company's gross profit percentage (that is,whether it will increase,decrease,or not be affected).Include a simple example to prove your answer.

Assume That Sales Discounts in the Current Year Exceed Sales