If you pay $25.72 for a drug and the selling price is $42.50 what is the percent gross profit?

To find gross profit you need to deduct the costs associated with making and selling its products, or the costs associated with providing its services. SO you would do 42.50-25.72.

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Histrionicus Histrionicus · Answer 2 · 2021-10-08T12:06:56+02:00

If you pay $25.72 for a drug and the selling price is $42.50 the percent gross profit - 65%.

Gross profit percentage:

is the margin earned (as a percentage) on a product or service after applying the total production cost to the revenue earned.

Formula: % gross profit = [tex]\frac{gross \ profit}{total \ sale \ or \ sale \ price}[/tex]

Given:

price = $25.72

selling price = $42.50

solution:

The gross profit percentage is - [tex]\frac{gross \ profit}{total \ sale \ or \ sale \ price}[/tex]

Gross profit = [tex]\frac{16.78}{25.72}[/tex]

= 65% approximately

Thus, If you pay $25.72 for a drug and the selling price is $42.50 the percent gross profit - 65%.

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