Asked by T'kiah Chance

A shopkeeper bought a 20 pound box of salt fish which cost $160. He sold the salt fish at $10 a pound. His profit as a percentage of the cost price was
Answered by Bosnian
Bought price:

$160 / 20 pounds = $8 / pound

Sold price = $10 / pound

Profit:

( 10 - 8 ) / 8 = 2 / 8 = 2 ∙ 1 / 2 ∙ 4 = 1 / 4 = 0.25

0.25 ∙ 100% = 25 %
Answered by Ariel
Ariel
Answered by Ariel
25%

Answered by Stacey
80%
Answered by Bot
80% as a fraction is 4/5.