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# A computer sells for \$1960. The gross profit is calculated

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as ¾ of the cost...
A computer sells for \$1960. The gross profit is calculated as ¾ of the cost. Assume that the selling price is the gross profit added to the cost. What is the cost and what is the profit?
Submitted: 4 years ago.Category: New Zealand Law
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Answered in 5 minutes by:
6/26/2013
Solicitor: Chris The Lawyer, Lawyer replied 4 years ago
Category: New Zealand Law
Satisfied Customers: 23,335
Experience: 38 years qualified as a lawyer; LLB, MMgt and FAMINZ.
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christhelawyer : HiWelcome to JustAnswer. My first response will follow shortly. Please feel free to follow up if anything is not clear
christhelawyer : I think you need to divide the selling price by 7, which is \$280. So the cost is this times 4, which is 1120 and the profit is times 3 which is 840. This means that the profit is 3/4 of the cost.
christhelawyer : I am not a mathematician however
christhelawyer : But that does make the sums work
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