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Hector decided to enter the mask business

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Hector decided to enter the mask business. He purchased 5,000 masks online from an Italian manufacturer. These are fashion-forward masks for which Hector paid €4 each (current Euro/Dollar exchange rate is $1.21 per Euro). Hector decided to mark-up the product 25%. He succeeded in selling out his inventory.

• What, in US$, was Hector’s gross profit?

• What was the gross profit margin percentage?