From the sale of sleeping bags, a retailer made a gross profit of 12 percent of the wholesale cost. if each sleeping bag was sold for 28$, what was the wholesale cost per bag?
Answer:$25
Answer:$25
12% profit + 100% cost = 112%andreasonlinegr wrote:From the sale of sleeping bags, a retailer made a gross profit of 12 percent of the wholesale cost. if each sleeping bag was sold for 28$, what was the wholesale cost per bag?
Answer:$25
So if 112% is $28, 100%, which is cost = $ 25
28/1.12 = 25
