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A gross profit of $800.00 is made on a sale of services. If the gross profit is 15% based on the ...

majarm

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7 years ago

A gross profit of $800.00 is made on a sale of services. If the gross profit is 15% based on the ...

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: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

Read 181 times

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yacom

wrote...

#1

7 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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