calculate the gross profit for an item that cost the business $95 and sold for $125. gross profit = $?
calculate the gross profit for an item that cost the business $95 and sold for $125. gross profit = $?
Answer
Explanation:
Step1: Recall gross - profit formula
Gross Profit = Selling Price - Cost Price
Step2: Substitute values
Selling Price = $125$, Cost Price = $95$. So, Gross Profit = $125 - 95$
Step3: Calculate result
$125−95 = 30$
Answer:
$30$