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...

What is the gross profit declined due to increase in cost in the amount?

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 Cost of sales 950,000 800,000 Gross profit 287,000 200,000 The only known factor given is the sales price increased 12.5% beginning January 2021.