Hair world is considering a contract to sell merchandise to a hair salon chain for $19,000. this merchandise will cost hair world $11,920. what would be the increase (or decrease) to hair world's gross profit and gross profit percentage?
Gross profit = $7,080 ($19000-11920)
Increase to percent of gross profits - $11,920/19000 = 62.7%. Profits would increase with this contract or transaction by 62.7%
