a hardware store paid $87.50 for a lawn mower and then sold it for $159.95 what was the gross profit
Accepted Solution
A:
The gross profit is $72.45The 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.GivenPurchase price of Lawn mower = $87.50Sale price = $159.95Profit = Sale Price - Purchase Price =159.95-87.50=72.45The 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 $72.45The percentage profit is 82.8%Keywords: Profit, Profit percentageLearn more about profit at:brainly.com/question/5565320brainly.com/question/5663052#LearnwithBrainly