MATH SOLVE

2 months ago

Q:
# A merchant paid $3 each for golfing hats that he sold for $4 each. He therefore earned agross profit of $1 per hat. By what per cent was the cost price increased to provide for thisprofit?20%O 30%331%300%o none of these

Accepted Solution

A:

Step-by-step explanation:The cost increase is:(4 - 3) / 3 Γ 100%33%The answer is none of these.