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

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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) About Me  (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.