Mathematical
Word Problems - 4 - Profit
Profit
What is profit?
Gross profit is equal to revenues minus expenses, or selling price minus
cost.
A certain appliance costs a merchant $30. At what price should the merchant sell the appliance in order to make a gross profit of 50 percent of the cost of the appliance?
Solution:
If s is the selling price of the appliance, thens − 30 =
(0.5)(30), or s = $45. The
merchant should sell the appliance for $45.
Example
Question:A certain appliance costs a merchant $30. At what price should the merchant sell the appliance in order to make a gross profit of 50 percent of the cost of the appliance?
Solution:
If s is the selling price of the appliance, then
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