An item was bought for $40 and sold for $60. Find the percentage profit on the cost price.
3 answers
[(60 - 40) / 40] * 100% = ?
I'm not sure but it looks like you got it off Mathletics.
so
profit percentage = p/cp x100
profit = sp-cp.
cp=40
sp=60
p=20
20/40 x 100
that will give you 50%
profit percentage = p/cp x100
profit = sp-cp.
cp=40
sp=60
p=20
20/40 x 100
that will give you 50%