Posted by Denyse on Tuesday, November 6, 2012 at 1:56am.
A product is on sale for 30% off of normal selling price of $12.00 per unit and each unit cost is $5.00. What is the gross profit percentage?

math  Reiny, Tuesday, November 6, 2012 at 8:15am
so selling price is .7(12) = 8.40
cost price was 5.00
profit = 8.45 = 3.40
profit percentage = 3.4/5 = .68 = 68%