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7 March, 06:17

a merchant paid $3 each for golfing hats that he sold for $4 each. He therefore earned a gross profit of $1 per hat. by what per cent was the cost price increased to provide for this profit

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  1. 7 March, 09:26
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    33.33%

    Explanation:

    If we divide the profit on the original price we get the procentual increase in price.

    1/3=0,3333=33.33%
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