Answer:
For instance, say you pay $8,000 for goods and sell them for $10,000. Your gross profit is $2,000. Divide this figure by the total revenue to get your gross profit margin: 0.2. Multiply this figure by 100 to get your gross profit margin percentage: 20 percent.
Step-by-step explanation:
Answer:
The total amount Alex spent is $ 9
Step-by-step explanation:
The given parameters are;
The amount Alex spends on food = 2/3 of his paycheck
The amount Alex spends on coffee = $3
Therefore, we have;
Fraction of the paycheck spent on coffee = 1 - 2/3 = 1/3 of p
The amount Alex spends on coffee = 1/3 of his paycheck
Therefore, we have;
1/3 × p = $3
p = 3 × $3 = $9
The total amount Alex spent = $ 9
The amount Alex spends on food = 2/3 × $9 = $6.