Respuesta :

The gross margin cost for the case when the considered retailer’s gross margin on a $150 item is $40 is 26.67% approximately.

How to find how much percent 'a' is of 'b'?

  • Suppose a number is 'a'
  • Suppose another number is 'b'

We want to know how much percent of 'b' is 'a'.

Then, it is calculated as:

[tex]\dfrac{a}{b} \times 100[/tex]

(in percentage)

Given that:

  • The cost of the considered item =  $150
  • The gross margin of retailer on that item = $40

Here we assume that the term GMC is referring to gross margin cost.

Let this gross margin cost (GMC) $40 be P% of the original cost of the item $150.

Then, we get:

[tex]p = \dfrac{40}{150} \times 100 \approx 26.67 \text{(in percentage)}[/tex]

Thus, the gross margin cost for the case when the considered retailer’s gross margin on a $150 item is $40 is 26.67% approximately.

Learn more about percent here:

https://brainly.com/question/11549320

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