Brad buys a pack of 12 bottles of energy drink for £9.25 he then sells all bottles for £1 each. Work out brads percentage profit

Question

3 years ago

8

. Give your answer in 2 significant answers

1 answer:

docker41 [41] · Answer 1 · 2022-01-14T07:32:14+03:00

Brad's profit was 30%

Further explanation:

Profit is the money someone earns on selling a product on more than its actual cost.

The formula for profit is:

$Profit= Selling\ price-Purchase\ price$

Given

Purchase price of energy drinks = £9.25

Selling price of one bottle=£1

Selling price of 12 bottles=1*12=£12

Profit= Selling Price - Purchse price

=12-9.25

=£2.75

Brad's profit was £2.75

Now,

Profit percentage= (Profit/Purchase Price)*100

=(2.75/9.25)*100

=0.30*100

=30%

Brad's profit was 30%

Keywords: Profit, loss

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