Homework Help: math

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 = 8.4-5 = 3.40

profit percentage = 3.4/5 = .68 = 68%

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