The management of Bataan Corporation ask you to submit an analysis of the increase in their gross profit in2021 based on their past two-year comparative income statements which show: 2021 2020 Sales...

The increase in sales price caused an increase in gross profit by:

Extracted text: The management of Bataan Corporation ask you to submit an analysis of the increase in their gross profit in2021 based on their past two-year comparative income statements which show: 2021 2020 Sales 1,237,500 1,000,000 950,000 800,000 200,000 Cost of sales Gross profit 287,000 The only known factor given is the sales price increased 12.5% beginning January 2021.