document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=953837>Question 953837</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A store purchased 70 toolboxes for a total cost of $912. It sold 45 of these toolboxes for $18 each, 10 for $15 and 15 for $12 each. How much gross profit was made on the entire transaction? What percent of cost was the markup? What percent of selling was the markup?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #582536 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=582536\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A store purchased 70 toolboxes for a total cost of $912. It sold 45 of these toolboxes for $18 each, 10 for $15 and 15 for $12 each. How much gross profit was made on the entire transaction? What percent of cost was the markup? What percent of selling was the markup?<BR>\n" );
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document.write( "Revenue = 45*18 + 10*15 + 15*12 = 1140<BR>\n" );
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document.write( "Profit = 1140-912 = 228<BR>\n" );
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document.write( "Profit Percent markup = 228/912 = 25%<BR>\n" );
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document.write( "Selling Percent markup = 1140/912 = 125%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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