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19 July, 12:20

If the store purchases aan item at a wholesale cost of 3.50 per item and it is sold retail value $5.00 per item what is gross profit percentage. (Formula: gross profit percentage = [ (retail-cost) divided ny retail] * 100)

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  1. 19 July, 15:51
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    ((retail - cost) / retail) * 100 =

    ((5 - 3.5) / 5) * 100 =

    (1.5/5) * 100 =

    0.3 * 100 =

    30% <==
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