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.
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 161: 5
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