calculate the gross profit for an item that cost the business $66 and sold for $100. gross profit = $?
calculate the gross profit for an item that cost the business $66 and sold for $100. gross profit = $?
Answer
Explanation:
Step1: Recall profit formula
Gross Profit = Selling Price - Cost Price
Step2: Substitute values
Gross Profit = $100 - 66$
Step3: Calculate result
Gross Profit = $34$
Answer:
$34$