A boy bought an article for £9. He spent £4 repairing it and sold it for £18. Calculate the gain percent on his total costs. (to

Question

A boy bought an article for £9. He spent £4
repairing it and sold it for £18. Calculate the gain
percent on his total costs. (to nearest %)
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Yến Oanh 4 years 2021-08-08T12:15:49+00:00 1 Answers 26 views 0

Answers ( )

  1. Euphemia
    0
    2021-08-08T12:17:10+00:00
    Reply

    Answer:

    Profit % = 39%

    Step-by-step explanation:

    Cost price of the article = 9

    Price for repairing = 4

    Therefore, Total cost of the article = 9 + 4 = 13

    Selling price  of the article = 18

    Profit = 18 – 13 = 5

    Hence,

              Profit \% = \frac{Profit}{Cost \ price} \times 100\\\\

                            = \frac{5}{13} \times 100\\\\=38.46 \%\\\\=38.5 \%

    Profit percent (to the nearest %) = 39%

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