Mary buys 8 widgets for $40.00. She adds $1.00 in enhancements to each widget and sells them for $9.00 each. Mary buys 8 widgets for $40.00. She adds $1.00 in enhancements to each widget and sells them for $9.00 each. What is Mary's estimated gross profit margin? a. 25% b. 33% c. 44% d. 50% e. 67%

Mary buys 8 widgets for $40.00. She adds $1.00 in enhancements to each widget and sells them for $9.00 each. Mary buys 8 widgets for $40.00. She adds $1.00 in enhancements to each widget and sells them for $9.00 each. What is Mary's estimated gross profit margin? a. 25% b. 33% c. 44% d. 50% e. 67%

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 5CE: Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each...

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expert help

Mary buys 8 widgets for $40.00. She adds $1.00 in enhancements to
each widget and sells them for $9.00 each. Mary buys 8 widgets for
$40.00. She adds $1.00 in enhancements to each widget and sells them
for $9.00 each.
What is Mary's estimated gross profit margin?
a. 25%
b. 33%
c. 44%
d. 50%
e. 67%

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