Asked by blodwick van zyk

in a business transaction the mark-up is 80%,if the cost increases by 20% but selling price remains the same,calculate % change and profit
Answered by Steve
if price is p and cost is c, then normally,

p = 1.8c

If c increases by 20%, then

1.8c - 1.2c = 0.6c

that is, the profit has changed from .8c to .6c, or a decrease of 25%.
Answered by blodwick van zyk
Thank you mr steve really appreciate it
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