Asked by alan
If the store purchases an item at a wholesale cost of $3.50 per item, and it is sold at a retail value of $5.00 per item. What is the gross profit percentage of the item?
Answers
Answered by
Ms. Sue
(5.00 - 3.50) / 3.50 = ?
Multiply the decimal answer by 100 to find the percentage.
Multiply the decimal answer by 100 to find the percentage.
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