1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Daniel [21]
2 years ago
6

What percentage profit is made on a sale if the selling price is $225,000 and the purchase price is $190,000?

Business
1 answer:
IgorLugansk [536]2 years ago
5 0

The percentage profit = 18%

A profit is made on sale with selling price more than the purchasing price. The purchasing price is also known as the cost price.

Given the selling price = $225000

and the purchasing price = $190000

Since the selling price is more than the purchasing price, there is obviously a profit gained.

Now profit amount = Selling price - Purchasing price

                                = 225000-190000 = $35000

Profit percentage = (Profit / Purchasing price) x 100%

                             = (35000 / 190000) x 100%

                             = 18.42%

Learn more about profit at brainly.com/question/19104371

#SPJ4

You might be interested in
A $600,000 state lottery prize is spread evenly over twelve years ($50,000 a year) (Alternative 1), or you may take a lump distr
scZoUnD [109]

Answer and Explanation:

The computation of the present values of both alternatives is shown below:

For alternative one, the lump sum amount is

= Yearly payment × PVIFA factor at 8% for 12 years

= $50,000 × 7.5361

= $376,805

And, in the alternative 2, the lumpsum amount i.e. present value is $452,000

So as we can see that the alternative 2 is better as the lumspsum amount is high as compared with the alternative 1

5 0
3 years ago
Hutton Industries wants to hire an intermediary to help with the distribution of its products. Management needs an intermediary
Dmitrij [34]

Answer: (B) Manufacturer agent

Explanation:

A manufacturer agent is refers to the independent sales agent in an organization.

The responsibility of a manufacturer agent is that it is an intermediary an organization as it helps in the product distribution process.

It mainly control all the promotional and the proving decision of the products in an organization and also represent organization as the seller. According to the given question, the company should hire the manufacturer agent.  

Therefore, Option (B) is correct.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

3 0
3 years ago
The total or agreed-upon rate of pay or salary is called
Svetach [21]
Minimum wage I think lol may be wrong
8 0
3 years ago
Roland has developed and patented an inexpensive and organic way to enhance the fertility of clay soils without the addition of
igor_vitrenko [27]

Answer:

Answer is option b, i.e. Passion for his invention.

Explanation:

Roland has almost all the qualities of a successful entrepreneur which includes an innovative mindset, ability to identify new opportunities, but he lacks in being passionate about what he desires to achieve. To start something new and follow one's dream one has to be passionate enough to be consistent and patient. Passion without patience is merely a dream which cannot be realized in true form. Hence, instead of quitting on what Roland had started, he should have searched for some more ideas to influence various agriculture companies.

3 0
3 years ago
Business ethics concerns:
Softa [21]
Ethics refers to acceptable conduct in any setting therefore it concernscconcerns the behaviour thebehavioithbusiness
6 0
4 years ago
Other questions:
  • a sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?
    7·1 answer
  • Many corporations allow CEOs to use their​ firm's corporate jet for personal travel. The Internal Revenue Service​ (IRS) require
    5·1 answer
  • Office Supplies had a normal starting balance of $75. There were debit postings of $80 and credit postings of $60 during the mon
    14·2 answers
  • Job design refers to the process of defining the way work will be performed and the tasks that will be required in a given job.
    11·1 answer
  • Suppose the production of cotton causes substantial environmental damage because the pesticides used by cotton farmers often mak
    6·1 answer
  • Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 5 pounds
    10·1 answer
  • OK Dry-Cleaning advertises so effectively that the regular customers of its competitor, Purity Cleaners, patronize OK instead of
    7·1 answer
  • Marigold Corp. bought a machine on January 1, 2011 for $806000. The machine had an expected life of 20 years and was expected to
    12·1 answer
  • Jim would like to learn more about what it's like to be a in college.without having to take college classes or difficult exams.
    13·1 answer
  • Barry has a medical plan with a $1,200 deductible, 20% coinsurance, and a $5,000 coinsurance cap. His allowable medical expenses
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!