If the cost of a fan is 3.30 dollar and sold at 5.90 dollar. find the gross profit percentage
Answers
The gross profit percentage is 78.78%.
Step-by-step 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.P.] * 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%
------------------------------------------------------------------------------------
Also View:
On selling an article for 115,the gain is 20% more than the loss incurred on selling it on 104.If the article is sold for 130.80,then the profit percentage is?
https://brainly.in/question/14515454
A merchant lost 8% by selling an iPod for rs 12880.at what price should he sell it to gain 8% ?
https://brainly.in/question/7288299
A wholesaler allows a discount of 20 % on the list price of an article to a retailer. The retailer sells it at a 5% discount on the list price . If the customer pays rs 38 for the article what is the retailer's profit ?
https://brainly.in/question/902358