Ask Experts Questions for FREE Help !
Ask
    sarii's Avatar
    sarii Posts: 1, Reputation: 1
    New Member
     
    #1

    Sep 8, 2010, 09:14 PM
    Rate of profit
    A textbook costs a bookstore $60, and the store sells it for $75. Find the rate of profit based on the selling price. What's the answer?
    Unknown008's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
    Uber Member
     
    #2

    Sep 8, 2010, 09:52 PM

    Rate of profit = (Profit / Selling Price) * 100%

    Can you find this out? :)

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search


Check out some similar questions!

If real rate is 3% and inflation rate is 4.7% what rate would a treasury bill pay [ 2 Answers ]

Financial accounting help. If the real rate is 3% and inflation rate is 4.7% what rate would a treasury bill pay?

Gross profit rate [ 6 Answers ]

Attached is an image with the question and the table. I got 39% by dividing gross profit by gross sales. But does the Cash dividends declared have any affect on the final answer? Given below (image) are comparative balance sheets and an income statement for Garnet Corporation. All sales were...

Gross Profit Rate [ 1 Answers ]

In the company sales were 480,000 sales returns and allowances were 30,000 and cost of goods sold was 288,000. The gross profit rate was: a.64% b.36% c.40% d.60%

Overhead Rate for a non profit University [ 1 Answers ]

I am working for a non profit University (Governmental). The university is receiving funds from external institutions to support various research projects. So I have been asked to provide the higher management with an accurate and reliable overhead rate in order to charge the stated research...


View more questions Search