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gross profit

by sethn23 » Wed Oct 01, 2008 6:13 pm
Why this is giving me such a hard time I do not know but anyway here goes...

A retailer sold an appliance for 80$. The retailer's gross profit was 25% of the retailer's cost for the appliance. What was the retailers gross profit?
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by cramya » Wed Oct 01, 2008 6:46 pm
Let x be the cost price

125% of x = 80
x = 64

Check:

25% of 64 is 16 so 64+16 = 80)

Hope this helps
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by sethn23 » Wed Oct 01, 2008 6:49 pm
ok sorry about that goof, i had mental freeze at gross profit. thanks
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by cramya » Wed Oct 01, 2008 6:55 pm
We all have that at some point of time! Good Luck!
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by cat er ina » Sun Apr 25, 2010 10:26 am
cramya wrote:Let x be the cost price

125% of x = 80
x = 64

Check:

25% of 64 is 16 so 64+16 = 80)

Hope this helps
one thing i don t get is why 125% of 80? where do you get that from?
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by frank1 » Sun Apr 25, 2010 10:56 am
ans is 16 and easist of the lot i have seen so far in this forum....lol
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by cat er ina » Sun Apr 25, 2010 11:06 am
frank1 wrote:ans is 16 and easist of the lot i have seen so far in this forum....lol
really helpful of u
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