We have a best selling sofa on which we have a gross margin of 40%, (meaning that we buy for 60x and sell for a 100x). Delivery cost of this product is 15% thus having a gross profit of 25%. If I apply 10% discount on the sales price, what is the gross profit after this discount?
We have a best selling sofa on which we have a gross margin of 40%, (meaning that we buy for 60x and sell for a 100x). Delivery cost of this product is 15% thus having a gross profit of 25%. If I apply 10% discount on the sales price, what is the gross profit after this discount?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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We have a best selling sofa on which we have a gross margin of 40%, (meaning that we buy for 60x and sell for a 100x). Delivery cost of this product is 15% thus having a gross profit of 25%. If I apply 10% discount on the sales price, what is the gross profit after this discount?
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