Solved: Selling price and gross profit in dollars, Accounting Basics

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Selling price and gross profit in dollars

Question 1. The gross profit on the sale of a pair of shoes is 39%,if expenses are 25% of the selling price and the cost price is $17.95, what is the selling price and the gross profit in dollars?

Question 2. If expenses are $175.00 and profit is $120.00 and the selling price in$495.00, what is the cost and what percentage is the profit and what percentage are expenses of the cost?

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Accounting Basics: Selling price and gross profit in dollars

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Accounting Basics: Selling price and gross profit in dollars

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