Question

A candle costing $0.67 and selling for $0.98

Answer 1

To analyze the candle's cost and selling price, let's break it down:

- **Cost of the candle:** $0.67
- **Selling price of the candle:** $0.98

### Profit Calculation

To find the profit made on each candle sold, you can subtract the cost from the selling price:

\[
\text{Profit} = \text{Selling Price} - \text{Cost}
\]

Substituting the values:

\[
\text{Profit} = 0.98 - 0.67 = 0.31
\]

So, the profit from selling one candle is **$0.31**.

### Profit Margin Calculation

To find the profit margin as a percentage of the selling price:

\[
\text{Profit Margin} = \left( \frac{\text{Profit}}{\text{Selling Price}} \right) \times 100
\]

Using the profit calculated:

\[
\text{Profit Margin} = \left( \frac{0.31}{0.98} \right) \times 100 \approx 31.63\%
\]

### Summary

- The profit for each candle sold is **$0.31**.
- The profit margin is approximately **31.63%**.

If you have any other inquiries or need further analysis, feel free to ask!