tynick98 tynick98

15-05-2017
Mathematics

contestada

court time is selling tennis rackets for $64.99. The cost to court time is $37.48 per racket. Overhead is estimated to be 20 percent of the selling price. What is the net profit rate?

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Aliwohaish12 Aliwohaish12

15-05-2017

Find net profit
Marketup-overhead
(64.99−37.48)−(64.99×0.20)
=14.512
net profit rate
Net profit÷ selling price
(14.512÷64.99)×100
=22.33%

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