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:
[tex]Percentage\ Profit=\frac{Profit}{Purchase\ price}*100\\=\frac{72.45}{87.50}*100\\=0.828*100\\=82.8\%[/tex]
The gross profit is $72.45
The percentage profit is 82.8%
Keywords: Profit, Profit percentage
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