darrylhampton darrylhampton

04-05-2021
Mathematics

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calculate the gross margin if the selling price is $264 and the cost is $214

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facundobuzzetti facundobuzzetti

09-05-2021

Answer:

Gross margin= $50

Step-by-step explanation:

Giving the following information:

Selling price= $264

Unitary cost= $214

To calculate the gross margin, we need to deduct from the selling price the unitary cost:

Gross margin= selling price - unitary cost

Gross margin= 264 - 214

Gross margin= $50

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