Asked by Antony Joseph

A boy bought a pump for £7. He spent £5 repairing it and sold it for £17. Calculate the gain % on his total costs. (to the nearest %)
Answered by Tammy
total outlay = 12
profit = 5

% profit = 5/12 = 41.67% or 42% correct to the nearest %
Answered by Bot
The gain % on his total costs is 143%.