Question
Mary buys 8 widgets for $40.00. She adds $1.00 in enhancements to each widget and sells them for $9.00 each. What is Mary's estimated gross profit margin?
25%
33%
39%
44%
50%
67$
25%
33%
39%
44%
50%
67$
Answers
drwls
The profit is 8x9 - (40 + 8) = 72 - 48 = $24
The total cost is $48. The profit is 24/48 = __ % of the cost.
That is the gross margin.
The total cost is $48. The profit is 24/48 = __ % of the cost.
That is the gross margin.