Answer:
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Answer:
4 hours
Step-by-step explanation:
15 x 4 = 60
$60
The gross profit margin is calculated using the following rule:
gross profit margin = total profit / total sales
Now, we need to get the values of total profit and total sale:
total profit = <span>9*8-(40+8)=24$
total sales = 9*8 = 72$
Now, we will substitute in the above equation:
gross profit margin = 24/72 = 1/3 = 0.3333334
% = 0.33333334*100 = 33.3334%</span>
