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%

asked by guest
on Nov 15, 2024 at 7:27 am



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.