Which one of the following examples represents a proper fraction?
1 answer:
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Answer:
67.3%
Step-by-step explanation:
Calculate profit = selling price - cost price
cost price = 50 × $28 = $1400
38 × $49 = $1862
12 × $40 = $480
selling price = $1862 + $480 = $2342
Profit = $2342 - $1400 = $942
% profit = × 100%
= × 100% ≈ 67.3% ( to 1 dec. place )