Kindly help me with accounting questions Maria's craft shop makes custom bracelets. The materials for eachbracelet cost her $3.00. What should she charge per bracelet tomake a gross profit of $4.00 on each sale?a. $7.00b. $6.00c. $8.00d. $5.00

Step 1: Definition of Gross ProfitGross profit is the difference between the selling price and the…

Answered: Maria's craft shop makes custom…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Maria's craft shop makes custom bracelets. The materials for each bracelet cost her $3.00. What should she charge per bracelet to make a gross profit of $4.00 on each sale? a. $7.00 b. $6.00 c. $8.00 d. $5.00