Question

a hardware store paid $87.50 for a lawn mower and then sold it for $159.95 what was the gross profit​

Answer 1

The gross profit is $72.45

The percentage profit is 82.8%

Step-by-step explanation:

The profit is the earning on selling a product or item in price more than its purchasing price.

Given

Purchase price of Lawn mower = $87.50

Sale price = $159.95

Profit = Sale Price - Purchase Price

=159.95-87.50

=72.45

The percentage profit is:

$Percentage\ Profit=\frac{Profit}{Purchase\ price}*100\\=\frac{72.45}{87.50}*100\\=0.828*100\\=82.8\%$

The gross profit is $72.45

The percentage profit is 82.8%

Keywords: Profit, Profit percentage

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