Question

Esme buys jackets for $500 each and prices them for $700 each. If the selling price is reduced by 20%, what's the profit percentage?
Please help!!! Imma mark you the brainliest!!​

Answer 1

12%

The cost Esme increased was 200, but then she reduced 20%of 700, which gives 140 dollars reduced. So, we subtract 140 from 200, which is 60 to find the actual increase.

Now, we follow the simple rules of percentage change

Increase divided by original times 100.

So, 60 divided by 500( not 700) times 100 = 12

Answer 2

12% is the very correct answer ever