Mary buys 8 widgets for $40.00. She adds $1.00 in enhancements to each widget and sells them for $9.00 each. What is Mary’s estimated gross profit margin?
25%
33%
44%
50%
67%
6 Answers
-
gross profit margin=
total profit/total sales
profit=9*8-(40+8)=24
sales = 9*8=72
24/72=33%
-
4/5 x 1 1/6 =
-
Estimated Gross Profit Margin
-
33%
-
33%
-
GP = 25.9 percent – calculated.
