Josephine bought a bag of garri for 320 naira and sold it for 400naira what was her percentage profit?

Answer 1

First, we need to calculate the profit made by Josephine.

Profit = Selling price - Cost price

Profit = 400 - 320 = 80

Next, we need to calculate the percentage profit.

Percentage profit = (Profit/ Cost price) x 100

Percentage profit = (80/320) x 100

Percentage profit = 25%

Therefore, Josephine made a 25% profit on the bag of garri she sold.