Question

A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The stores gross profit from the item was what percent of its cost for the item?

Answer 1

Answer: (y-x)/x*100

Step-by-step explanation:

cost price of an item= x

Sale price of the item=y

gross profit= Sp-CP =y-x

profit percent on cost= profit/cost*100

                                   = (y-x)/x*100