Question

If a computer costs an electronics dealer $300, and she sells them for $800, what is her rate of profit based on the selling price?


I know the answer is 62.5% but could someone show me how to get this answer , thanks

Answer 1

proftt rate (as a fraction of selling price) = (800-300)/800)

= 5/8 = 62.5%

Answer 2

Mitsuko salary for next year is $44,940. This represents a 7% increase over this year's salary. Find mitsuko present salary