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Help please! a merchant paid $3 each for golfing hats that he sold for $4 each. he therefore earned a gross profit of $1 per hat. by what per cent was the cost price increased to provide for this profit?
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Help please!

a merchant paid $3 each for golfing hats that he sold for $4 each. he therefore earned a gross profit of $1 per hat. by what per cent was the cost price increased to provide for this profit?

1. 20%
2. 30%
3. 33 (thirty three) 1/3%
4. 300%
5. none of these.

User Buyin Brian
by
6.2k points

1 Answer

5 votes

Answer:

none of these, it should be 25%

Explanation:

User Shervin Asgari
by
5.7k points
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