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nexus9112 [7]
3 years ago
11

Calculate the gross margin if the selling price is $264 and the cost is $214

Mathematics
1 answer:
lakkis [162]3 years ago
7 0

Answer:

Gross margin= $50

Step-by-step explanation:

Giving the following information:

Selling price= $264

Unitary cost= $214

<u>To calculate the gross margin, we need to deduct from the selling price the unitary cost:</u>

Gross margin= selling price - unitary cost

Gross margin= 264 - 214

Gross margin= $50

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