The changes in lowe's dollars of gross profit and gross profit percentages as seen in fiscal 2019 is due to;
The gross profit margin is known to be that which informs a person what their business has made after paying their direct cost of doing business.
This is made up of labor, materials and other kinds of direct production costs. It is known to be a key element in profitability ratios along with operating profit margin and net profit margin.
The Iowe's company was said to have posted that they made about 2.6 percent in terms of sales growth and the fiscal 2019 shows that they had the highest sales and adjusted diluted earnings per share since the start of the company.
See options below
a. Sales volume increased in fiscal 2019, but unit costs decreased.
b. Sales volume decreased in fiscal 2019, and per unit selling prices decreased.
c. Sales volume increased in fiscal 2019, and unit costs increased.
d. Sales volume and unit costs did not change, but per unit selling prices increased.
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