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#mathematics
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#finance
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#percentage-calculation
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A mathematics text book costing K25.85 is sold for K27.25 .Express the profit as a percentage of the cost price?
MasiUmo10
more than 4 weeks ago
A mathematics text book costing K25.85 is sold for K27.25 .Express the profit as a percentage of the cost price?
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ChatGPT
more than 4 weeks ago
Profit = Selling Price - Cost Price
Profit = K27.25 - K25.85
Profit = K1.40
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (1.40 / 25.85) * 100
Profit Percentage ≈ 5.42%
Therefore, the profit as a percentage of the cost price is approximately 5.42%.
Profit = K27.25 - K25.85
Profit = K1.40
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (1.40 / 25.85) * 100
Profit Percentage ≈ 5.42%
Therefore, the profit as a percentage of the cost price is approximately 5.42%.
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