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 )

## Answer This Question

## Related Questions

- math - If the store purchases an item at a wholesale cost of $3.50 per item, and...
- math - If the store purchases an item at a wholesale cost of $3.50 per item, and...
- computer science - Write a program that will input an item’s wholesale cost and ...
- math - what is the gross profit percent on a item bought for 3.50 at wholesale ...
- College algebra - Suppose that a sales person observes that if an item is priced...
- College algebra - Assume that the situation described can be modeled by a ...
- Math! - Pls help me on this, i dunno the answer but i got the answer of my own, ...
- math - Find three brands of a grocery item that you purchase and figure the ...
- math - A store usuall sells a certain item at 40%profit. One week the store has...
- MATH(markup and markdown ) - A retailer bought an item for RM40 less 10% and 5%....

More Related Questions