A book costs euro 10.00 in germany. a canadian bookshop owner buys it in canadian dollars (1 cad = 0.65 euros) and sells it to a u

Question

A book costs euro 10.00 in germany. a canadian bookshop owner buys it in canadian dollars (1 cad = 0.65 euros) and sells it to a us customer for usd 35. if usd 1.00 = 0.85 euro, what is the percentage of profit for the shop owner?

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Bình An 1 month 2022-12-27T03:32:51+00:00 1 Answer 0 views 0

Answer ( 1 )

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    2022-12-27T03:34:42+00:00
    The percentage profit for the shop owner is 197.6%.

    What is percentage profit?

    Percentage profit is the ratio of the profit on a good or item and the the cost price expressed as a percentage.
    • Percentage profit = profit/cost price * 100%
    The cost price of the book in US dollars will be: 10 * 1/0.85 = 11.76 USD
    Selling price in USD = 35 USD
    Profit = 35 – 11.76
    Profit = 23.24 USD
    Percentage profit = 23.24/11.76 * 100%
    Percentage profit = 197.6%
    In conclusion, the percentage profit is the profit expressed as a percentage of the cost price.
    Learn  more about percentage profit at: https://brainly.com/question/19104371
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