Selling and Distribution is part of COS, hence 45% GP margins and not 55% as per your number ( essentially the same thing though).
Fixed costs and marketing numbers you quote are historical, not forecast. But I guess that's what makes a market. If you think they will remain the same, all good, but I am working off a different set of numbers, thanks.
Selling and Distribution is part of COS, hence 45% GP margins...
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