A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store's gross profit from the item was what percent of its cost for the item?
3 Explanations
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Felipe Levi Gurgel
Knowing profit is y-x/x we can get the 2 information than:
You can simplify the profit / x equation (y-x) / x to be (y/x) - (x/x) or (y/x) - 1...from that you can skip all of the math you did for step 2 in the video and see that statement 2 is sufficient.
3 Explanations