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Find the profit margin on ladders that were purchased for $65.00 each, and now sell for $105.99 each. Round to nearest hundredths. (Hint: This is a two-step problem.)
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Find the profit margin on ladders that were purchased for $65.00 each, and now sell

for $105.99 each. Round to nearest hundredths. (Hint: This is a two-step problem.)

User Joseph Spiros
by
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1 Answer

6 votes
total revenue - total expenses / total revenue

105.99 - 65.00 / 105.99

profit = 40.99

40.99 / 105.99 = 0.38673

profit margin = 38.673%
User Craig Warren
by
8.2k points
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