A necklace is bought for $34 and sold for $38.25. Show that the percentage profit is 12.5%.

Question

Mathematics

Khloe Hendricks

11 December, 13:39

A necklace is bought for $34 and sold for $38.25. Show that the percentage profit is 12.5%.

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Answers (1)

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Janelle Adams · Answer 1

First you would have to set up a proportion in which you have the 12.5% as a fraction

12.5/100

You then would multiply

$34 * 12.5 = 425

After you multiply that you then will divide

425 : 100 = 4.25

Once you have that you can add the 4.25 to the $34 and see that you get exactly $38.25.