Sales price is $91, gross profit is 160% of cost, what is the value of gross profit?

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Sales price is $ , gross profit is % of cost, what is the value of gross profit?

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Calculated Answer

56

Step by Step Solution

In order to solve problem, you must evaluate n₀ - n₀ / (n₁ / 100 + 1).

• n₀ - n₀ / (n₁ / 100 + 1)

• Evaluate n₁ / 100 = 1.6

  n₀ - n₀ / (1.6 + 1)

• Evaluate 1.6 + 1 = 2.6

  n₀ - n₀ / 2.6

• Evaluate n₀ / 2.6 = 35

  n₀ - 35

• Evaluate n₀ - 35 = 56

  56
• The answer to the problem and the result of n₀ - n₀ / (n₁ / 100 + 1) is 56