Question

Help. Please open powerpoint and help me!

Answer 1

Answer:

30.4%

1000 at £1.10

1000 x 1.10 = £1100

35% of 1000 is given away

1000 - 35% = 1000 - 350 = 650 left

35% of £1100 = £385, subtract to get £715 pounds worth of pins left

650 are left, with 385 pounds lost

60% of 650 = 390 pins sold at £3 each

40% of 650 = 260 sold at £5 for 2

3 x 390 = £1170 made from the first lot

260/2 = 130 x 5 = £650 made from the second lot

£1170 + £650 = £1820 from sales

Sales - cost to make - losses (giveaways) = profit value

1820 - 1100 - 385 = 335 pounds of profit

To find the gross profit margin, we take the profit, and find what percentage of the production cost it is.

335 is about 30.45% of 1100

30.45%, which is 30.4% to 1 decimal place.

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