SOLUTION: If I purchase an item at wholesale cost $3.50 per item and it is sold at a retail value of $5.00 per item what is the gross profit percentage of the item
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Question 1105085: If I purchase an item at wholesale cost $3.50 per item and it is sold at a retail value of $5.00 per item what is the gross profit percentage of the item
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
5.00 - 3.50 = a gross profit of 1.50.
1.50 / 5.00 = a gross profit margin of .3 * 100 = 30%.
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