Mr Steve bought cans of soft drink for $0.55 each and sold them to the year 8 students for $2.50 each from a classroom. Calculate the percentage profit Mr Steve made.

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Question

Mathematics

Karson Browning

27 December, 05:04

Mr Steve bought cans of soft drink for $0.55 each and sold them to the year 8 students for $2.50 each from a classroom. Calculate the percentage profit Mr Steve made.

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Answers (1)

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Frye · Answer 1

350% Profit

Step-by-step explanation:

$0.55 each

$2.50 each

$2.50 - 0.55 =

$1.95

Find the profit gained

-

$1.95 / 0.55 =

3.54545455

Divide the profit gained with the selling price

-

≈ $3.50 x 100

=

350% Profit

Multiply it buy 100 to find percentage!

Mr Steve bought cans of soft drink for $0.55 each and sold them to the year 8 students for $2.50 each from a classroom. Calculate the percentage profit Mr Steve made.Will give Brainliest

Mr Steve bought cans of soft drink for $0.55 each and sold them to the year 8 students for $2.50 each from a classroom. Calculate the percentage profit Mr Steve made.

Will give Brainliest