<PRE><B>Question 953837</B>
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?
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Revenue = 45*18 + 10*15 + 15*12 = 1140
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Profit = 1140-912 = 228
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Profit Percent markup = 228/912 = 25%
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Selling Percent markup = 1140/912 = 125%
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Cheers,
Stan H.</PRE>