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?
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?© BrainMass Inc. brainmass.com March 4, 2021, 5:52 pm ad1c9bdddf
<br>1. The selling price would be $25
<br>The gross profit in ...
This question involves the fundamentals of accounting