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majarm majarm
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6 years ago
A gross profit of $800.00 is made on a sale of services. If the gross profit is 15% based on the selling price, what was the cost?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
6 years ago
M = 800 and represents 15% of S
800 = 0.15 S
S =   = $5 333.33
C = 5 333.33 - 800.00 = $4 533.33
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