Posted by linn on Sunday, September 18, 2011 at 1:25am.
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 )

math  Henry, Monday, September 19, 2011 at 7:13pm
% Profit = ((R  C) / R) * 100%,
R = Retail.
C = Cost.

math  Henry, Monday, September 19, 2011 at 7:36pm
Linn, the Eq from your textbook might
be wrong. Please check.
% Profit=((R  C) / C)* 100% = 42.9%.
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