The grocery purchases a gallon of mineral water for php. 49.50 and sells it for php. 56.75.

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The grocery purchases a gallon of mineral water for php. 49.50 and sells it for php. 56.75. what is his gross margin?

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Posted Date: Sep 07, 2023 09:59 AM

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The grocery purchases a gallon of mineral water for php. 49.50 and sells it for php. 56.75.

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To calculate the gross margin we need to find the dif... View the full answer

Intermediate Microeconomics

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