At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

If a manufacturer decides to lower price by 20%, by how much will it have to increase sales to keep the same total contribution if its current GMC% is 40% and its per-unit COGS is $50?
Group of answer choices

100%




60%


None of the above, but I do have the information I need to solve this problem.


None of the above, and I don’t have the information I need to solve this problem.