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
1 answer:
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:
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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Answer:
The correct option is 2.
Step-by-step explanation:
It is given that Jane bought a car for $30,303. The value of the car depreciated at a constant rate per year.
The exponential growth and decay function is defined as
Where, P₀ is initial value and r is growth rate.
The initial value of car is $30,303. Let the rate of depreciation be x%.
It means rate of depreciation is 15%. Since the value of car decreased by 15% per year, therefore growth rate is -0.15.
Therefore option 2 is correct.