SOLUTION: If a sporting goods store buys golf balls for $.75 and sells them for $2.25, its gross profit as a percent of cost is

SOLUTION: If a sporting goods store buys golf balls for $.75 and sells them for $2.25, its gross profit as a percent of cost is

Algebra.Com

Question 56726: If a sporting goods store buys golf balls for $.75 and sells them for $2.25, its gross profit as a percent of cost is

Answer by rcmcc(152) (Show Source): You can put this solution on YOUR website!
you can solve for this question by finding a common ratio between profit and the purchase price. first find profit
$2.25-$0.75= $1.50 profit
profit/cost=%profit
1.50/.75=200% profit.
The sporting goods store makes 200% profit on a golf ball.
RELATED QUESTIONS
If a sporting goods store buys golf balls for $.75 and sells them for $2.25, its gross... (answered by rcmcc)

A store sells a watch for a profit of 25 percent of the wholesale cost. What percent of... (answered by josmiceli)

A manufacturer sells sets of golf clubs to a retail sports store for 25 percent more than (answered by jim_thompson5910)

A sporting goods store sells right-handed baseball gloves. In one month, 12 gloves were... (answered by Paul)

A Sporting goods store a pair of skates for 102. The skates cost the store 68. What... (answered by drk)

A sporting goods store sells 2 fishing reels, and 4 fishing rods for $362. Later, they... (answered by ewatrrr)

a sporting goods store sells 2 fishing reels and 5 fishing rods for $243. Later , they... (answered by Alan3354)

A sporting goods store sells 2 fishing reels and 4 fishing rods for $184. Later, they... (answered by Boreal)