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

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> 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      Log On


   

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) About Me  (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%.