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:
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Given:
Total amount spent = $14.85
Total number of flowers = 13
The cost of a lily = $1.25
The cost of a tulip = $0.90
Let x = the number of lilies bought
Let y = the number of tulips bought
Therefore
x + y = 13 (1)
1.25x + 0.9y = 14.85 (2)
From (1),
y = 13 - x (3)
Substitute (3) into (2).
1.25x + 0.9(13 - x) = 14.85
0.35x + 11.7 = 14.85
0.35x = 3.15
x = 9
y = 13 -x = 4
Answer:
9 lilies
4 tulips
