Question

If the cost of an item is $72 and it has a retail price of $89, what is the gross margin?

Answer 1

retail - cost) / retail) * 100 =

((5 - 3.5) / 5) * 100 =

(1.5/5) * 100 =

0.3 * 100 =

30% <==

Step-by-step explanation: