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Find the net profit on an item bought for $50 with a $6.30 overhead and sold for $75

User Pavel K
by
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1 Answer

2 votes

Answer:

the net profit is $18.7

Explanation:

we are given

buying price =$50

and over head price =$6.30

now, we can find total price

total price = buying price + overhead price

total price =50+6.30

total price =56.30

now, we are given selling price

selling price =$75

Profit = selling price -buying price

we get

profit =75-56.30

profit=$18.7

So, the net profit is $18.7

User Lawanna
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