the merchant bought a sweater for $15 (his cost)
he sold it for $5 more than he paid for it (his profit)
his profit is equal to what percent of his cost
... $5 is what percent of $15
I need help understanding the following problem.Can someone please explain the steps to solve this problem? Thank you in advance.
"A merchant made a profit of $5 on the sale of a sweater that cost the merchant $15. What is the profit expressed as a percent of the merchant's cost?"
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