The gross profit margin is a measurement of a company's manufacturing and distribution efficiency during the production process. If G is the gross profit and T is the total revenue, both in dollars, then the gross profit margin M = M(G, T) is given by the formula ア (a) Use functional notation to express the gross profit margin for a company that has a gross profit of $355,000 and a total revenue of $570,000. (b) Calculate the gross profit margin in part (a). The gross profit margin is often expressed as a percent. Give your answer as both a decimal and a percent. (Round your decimal answer to two decimal places, and your percent to the nearest percent.) M = M = (c) If the gross profit stays the same but total revenue increases, would the gross profit margin increase or decrease? O The gross profit margin will increase. O The gross profit margin will decrease.

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