Mary buys 8 widgets for $40.00. She adds $1.00 in enhancements to each widget and sells them for $9.00 each.?

Mary buys 8 widgets for $40.00. She adds $1.00 in enhancements to each widget and sells them for $9.00 each. What is Mary’s estimated gross profit margin?

gross profit margin=

total profit/total sales

profit=9*8-(40+8)=24
sales = 9*8=72

24/72=33%

4/5 x 1 1/6 =

Estimated Gross Profit Margin

33%

33%

Answer 6

GP = 25.9 percent – calculated.