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What amount was the cost of sales reduced

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Problem 1: In 2018, a Gazprom created a new extraction process that reduces the cost of taking oil from shale. If sales in 2018 and 2019 were steady at $25 million, but the gross margin increased from 2.2% to 3.4% between those years, by what amount was the cost of sales reduced?

Reference no: EM132965262

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