document.write( "Question 57133: 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
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document.write( " a. 3%.
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document.write( " b. 20%.
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document.write( " c. 33 1/3%
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document.write( " d. none of the above.
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Algebra.Com's Answer #38890 by rcmcc(152)![]() ![]() You can put this solution on YOUR website! To calculate profit you must find the ratio of the costs.\r \n" ); document.write( "\n" ); document.write( "Find the total amount of profit.\r \n" ); document.write( "\n" ); document.write( "$2.25-$0.75=$1.50 profit\r \n" ); document.write( "\n" ); document.write( "By calculating the ratio (Profit/Cost) then multiplying it by 100 to find percent. The gross profit as a percent is\r \n" ); document.write( "\n" ); document.write( "(1.5/0.75)=2 \n" ); document.write( "2x100=200%\r \n" ); document.write( "\n" ); document.write( "the profit on the golf balls is 200% so the answer is (d.) \n" ); document.write( " |