Mike has done a deal with a German supplier to purchase silk ties for £20 each. Mike plans to sell these ties for £40 each. What will be the gross profit margin for tie sales?
Mike has done a deal with a German supplier to purchase silk ties for £20 each. Mike plans to sell these ties for £40 each. What will be the gross profit margin for tie sales?
50%
40%
100%
80%
Mathbot Says...
I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.