CFAI mock Darwin equity

Just a small doubt. In the vignette, for forecasting COGS next year they have given one line that COGS declines by 0.5% annually. In the explaination of the question they mention that COGS as a % of revenue decreases by 0.5%. So should we implicitly assume that any changes mentioned are as a % of revenue or this was just a special case? Thanks

That was just an awfully worded statement and everyone here agrees.

Wasnt worded the best but yes i took it to mean as a percentage of revenue as thats basically how you come up with COGS

Sorry about that. @yayyywork thanks