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Retail Math Quiz

A product’s retail price is $79.95 and it costs $42.00. What is the Gross Margin of this product?
37.46%
90.35
47.46%
57.35
What is the Mark-up for the same product?
90.35%
47.46%
190.35%
57.46%
If the annual sales of an item is $50,000, avg. Inventory carried is $10,000 andthe Gross Margin is 33%, What is the GMROI of this item?
185% or 1.85
165% or 1.65
197% or 1.97
147% or 1.47
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