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If the mark-up on the cost of a pair of jeans was 20%, find the gross profit margin (percentage in two decimal places)

If the mark-up on the cost of a pair of jeans was 20%, find the gross profit margin (percentage in two decimal places)
asked 38.6k views
3 votes
If the mark-up on the cost of a pair of jeans was 20%, find the gross profit margin (percentage in two decimal places)

asked
User Maciej Stachowski
by
8.1k points

1 Answer

3 votes

Answer: .20

Explanation:

answered
User Amras
by
8.6k points
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