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23 March, 14:49

Court time is selling tennis rackets for $64.99. The cost to court time is $37.48 per racket. Overhead is estimated to be 20 percent of the selling price. What is the net profit rate?

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  1. 23 March, 15:35
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    Find net profit

    Marketup-overhead

    (64.99-37.48) - (64.99*0.20)

    =14.512

    net profit rate

    Net profit: selling price

    (14.512:64.99) * 100

    =22.33%
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