calculate the gross profit for an item that cost the business $6 and sold for $8.\ngross profit = $?
calculate the gross profit for an item that cost the business $6 and sold for $8.\ngross profit = $?
Answer
Explanation:
Step1: Recall gross - profit formula
Gross Profit = Selling Price - Cost Price
Step2: Substitute given values
Selling Price = $8, Cost Price = $6. So, Gross Profit = 8 - 6
Step3: Calculate result
8 - 6 = 2
Answer:
2