calculate the gross profit for an item that cost the business $15 and sold for $30. gross profit = $?
calculate the gross profit for an item that cost the business $15 and sold for $30. gross profit = $?
Answer
Answer:
$15$
Explanation:
Step1: Recall profit formula
Gross Profit = Selling Price - Cost Price
Step2: Substitute values
Gross Profit = $30 - 15$
Step3: Calculate result
Gross Profit = $15$