Question

If the coast of fan is 3.30 dollar and sold at 5.90 dollar find the gross profit percentage

Answer 1

Answer:

The gross profit percentage is 78.78%.

Explanation:

The cost price of the fan = 3.30 dollar

The selling price of the fan = 5.90 dollar

The profit earned in the transaction is ,

=S.P. - C.P.

=$5.90 - $3.30

=$2.60

The formula to calculate the gross profit percentage is given by,

Profit % = [Profit/ C.PM]* 100

Thus, by substituting the given values in the above formula , we get

The gross profit percentage is given by,

=[2.60/3?30] * 100

=0.7878 * 100

=78.78%

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Answer 2

Given :-

• Coast of fan is $ 3.30
• Selling price is $ 5.90

To Calculate :-

• Gross profit percentage?

Performing calculations :-

Firstly finding out gross profit, as we know that :

☆ Gross profit = Revenue - Selling price

>> Gross profit = 5.90 - 3.30

>> Gross profit = $2.60

As we know that profit percentage is calculated by the formula :

☆ Profit percent = (Profit / C.P.) × 100

>> Profit percent = (2.60 / 3.30) × 100

>> Profit percent = (260 / 330) × 100

>> Profit percent = (26 / 33) × 100

>> Profit percent = 2600 / 33

>> Profit percent = 78.7