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If the store purchases aan item at a wholesale cost of 3.50 per item and it is sold retail value $5.00 per item what is gross profit percentage. (Formula: gross profit percentage =[(retail-cost) divided ny retail] *100)

Answer :

texaschic101
((retail - cost) / retail) * 100 =
((5 - 3.5) / 5) * 100 =
(1.5/5) * 100 =
0.3 * 100 =
30% <==

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