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Case A - Simple Gross Profit calculation - No inventory (stock) involved A football club purchases the following items of clothing to resell to its

Case A - Simple Gross Profit calculation - No inventory (stock) involved

A football club purchases the following items of clothing to resell to its members:

Shirts - quantity 200, costing 20 each, selling price 30 each

Shorts - quantity 200, costing 15 each, selling price 20 each

Socks - quantity 200 (pairs), costing 6 each, selling price 10 each

All items of clothing were sold. Your task is to calculate the Gross Profit in dollar and percent terms for each of the three lines of clothing.

What is the overall Gross Profit in dollar and percent terms, and which line of clothing was the most

profitable?

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