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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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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

User Jemell
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1 Answer

6 votes
Answer:
33.33%

Step-by-step explanation:
If we divide the profit on the original price we get the procentual increase in price.
1/3=0,3333=33.33%
User Rpg
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