February 20, 2017

Homework Help: math

Posted by jimmy on Wednesday, June 15, 2011 at 3:02pm.

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? (formula: gross profit percentage = [(retail - cost) divided by retail] X 100 )

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