Elementary Algebra

Published by Cengage Learning
ISBN 10: 1285194055
ISBN 13: 978-1-28519-405-9

Chapter 4 - Proportions, Percents, and Solving Inequalities - 4.3 - More on Percents and Problem Solving - Concept Quiz 4.3: 5

Answer

True

Work Step by Step

Profit may be stated as a percent of the selling price, as a percent of the cost, or simply in terms of dollars and cents. So, this statement is true.
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