A sporting goods shop received 600 pairs of shoes that costs 420. If the cost of doing business was 180 of the sales what percent net was realized?

Question

I'm a bit confused computing for the net percentage profit. Kindly show me how to solve the word problem

Answer 1

Without sales information this problem makes no sense. We don't know the selling price so we can't find Cost of Goods Sold. We only know that operating expenses amounted to $180