Answer
False
Work Step by Step
False.
Profit may not only be stated as a percent of the selling price but also as a percent of the cost.
Elementary Algebra
by Kaufmann, Jerome; Schwitters, Karen;
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 - Page 160: 4
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