Question

Jar man's Clothing had total sales of $65,000 for July. Merchandise costs were $37,000. Other expenses were $12,000.   In July, what percent of Jar man’s Clothing's gross income was profit ?  (Numbers are rounded off to closest %)

Answer 1

take in=65,000$

kost=37,000+12,000=47,000$

profit=65,000-47,000=18,000$

18,000/65,000=0.0276923076=27.69% profit

or bout 28%

Answer 2

Given total sales = 65,000$

Merchandise costs + expenses cost = 37,000+12,000=47,000$

profit=65,000-47,000=18,000$

18,000/65,000=0.0276923076=27.69% profit

or bout 28%

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