Answer:
3.803% Profit
Step-by-step explanation:
First let us calculate total sales, then calculate the total cost, and then divide the two.
Sale: 120*1.1=132 and 52*.9=46.8
Cost: 120 and 52
Profit equation:
[tex]\frac{Net sales-COGS}{Net Sales} =Profit[/tex]
[tex]\frac{(132+46.8)-(120+52)}{(132+46.8)}[/tex]
Simplify:
[tex]\frac{6.8}{178.8} =.03803[/tex] or 3.803% Profit