The store paid $2.50 for a book and sold it for $5.25. what is the profit as a percent?

Question

Business

Jaquan Wall

18 January, 19:55

The store paid $2.50 for a book and sold it for $5.25. what is the profit as a percent?

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Answers (1)

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Annika Watts · Answer 1

To find the profit as a percentage:

profit as a percent = (price sold - purchase price) / (purchase price)

profit as a percent = (5.25 - 2.50) / (2.50)

profit as a percent = 2.75 / 2.50

profit as a percent = 1.1

then we will multiply 1.1 by 100 to get a percentage

profit as a percent = 110%