answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SCORPION-xisa [38]
2 years ago
11

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
Social Studies
1 answer:
lianna [129]2 years ago
5 0

Answer:

The cost price was increased by 33.33 % to provide this profit

Explanation:

Given:

Cost price =  $3

Selling price  = $4

Gross profit  = $1

To Find:

Profit percentage =?

Solution:

Profit Formula calculates the net gains or losses incurred by subtracting total expenses from total sales.

Now profit  = 4 - 3 = 1

Now the profit percentage can be found by

=\frac{ profit \times 100}{costprice}

=\frac{ 1 \times 100}{3}

=\frac{100}{3}

=  33.33%

You might be interested in
Briefly describe the role of physical geography in examining intervening obstacles and migration
Anit [1.1K]
<span>People need good transportation to move from one place to another. They find it hard to cross the deserts, seas and mountains. Hence they could not migrate easily across these geographies.</span>
6 0
2 years ago
In the game of economics, ____________ play a double role as both consumers and producers.
Len [333]

The correct answer would be, Workers.

In the game of economics, Workers play a double role as both consumers and producers.

Explanation:

In an economy, there are companies which produces goods or services, that are used by the consumers. Consumers are the people who pay for the produced products or services by the companies and buy them for their use.

Consumers pay money for buying the products and producers earn profits for selling their products.

There are people who play a double role, as both consumer and producers. These are the workers. Workers who work in companies to produce products to be sold the consumers act as producers, and when the same workers buy their own products for their use, they act as consumers. For example, workers in a soap factory who act as producers there, when buy soap for their personal use, they act as consumers of their own product.

Learn more about producers and consumers at:

brainly.com/question/14325305

#LearnWithBrainly

4 0
2 years ago
Benjamin's parents expect him to tell them everything. However, now that he's 13 years old, he feels entitled to keep secrets fr
dexar [7]

Answer:

privacy

Explanation:

8 0
2 years ago
Compare and contrast automobile manufacturing before and after the moving assembly line was used. Drag each statement to the cor
Gwar [14]
Before assembly lines: cars took longer to build.

Both: cars were made in factories, cars were made by people.

After assembly lines: cars were less expensive.

The introduction of the assembly line by Henry Ford on December 1, 1913, changed the way cars were produced in America.
5 0
2 years ago
Read 2 more answers
List and briefly describe three levels or categories of analytics that are most often viewed as sequential and independent, but
Zielflug [23.3K]

Answer and Explanation:

Descriptive or reporting analytics: This involves understanding the various happenings and trends in an organization and identifying the causes of these occurrences.

Predictive analytics: This is geared towards making predictive analysis(likr future occurrence) based on statistical calculations and techniques which fall under data mining.

Prescriptive analytics: recognizes the current situation/happening and the likely forecast and makes decisions based on this to achieve the best performance possible.

3 0
2 years ago
Other questions:
  • An entire caste in india may use language education or religion to shift its status in the hierarchy such process is called
    12·1 answer
  • Sheri's age in 20 years will be the same as terry's age is now. ten years from now, terry's age will be twice sheri's. what are
    15·2 answers
  • How do young chimps in the wild learn to extract termites from their nests?
    6·2 answers
  • Inciting a fight by using threats and profanity could be considered __________, which is not a protected type of speech.
    10·1 answer
  • Mintzberg concluded that managers play three broad types of roles: interpersonal, analytical, and critical. True or False True F
    5·1 answer
  • While on the way to a signing appointment, a Notary Signing Agent realizes that the location is outside his normal territory and
    6·1 answer
  • Greg learns how to bake from his grandmother. This is an example of
    11·1 answer
  • Which environmental disturbance has not been linked to global climate change?
    13·1 answer
  • Inhumane farming methods are detrimental to both crops and animals. Critically discuss 4 ways how this affect animals
    11·1 answer
  • Benson orally promised to give his 19 year old son a car as a birthday gift. Benson is not legally bound to his promise because
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!