Question

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

Answer 1

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%