Question

If a company buys coffee at a price of $5/kg and then sells it their stores for $18/kg, what is the percentage profit compared to the original cost of the coffee?

Answer 1

Answer:

260%

Step-by-step explanation:

For the coffee;

cost price ($C_{P}$) = $5/kg

selling price ($S_{P}$) = $18/kg

Percentage profit (%P) = $\frac{S_P - C_P}{C_P} * 100%$ %

Substitute the right values into the above;

%P = $\frac{18 - 5}{5} * 100%$ %

%P = $\frac{13}{5} * 100%$ %

%P = 260%

Therefore, the percentage profit compared to the original cost of the coffee is 260%