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masya89 [10]
3 years ago
13

The cost of a stove to a store owner was $500, and she sold the stove for $1080. What was her percent of profit based on cost?

Mathematics
1 answer:
Juliette [100K]3 years ago
3 0

Answer:

116%

Step-by-step explanation:

Cost Price (C. P.) = $500

Selling Price (S. P.) = $1080

Profit = SP - CP = $1080 - $500 = $580

Profit percent

=  \frac{Profit}{CP}  \times 100 \\  \\  =  \frac{580}{500}  \times 100 \\  \\  =  \frac{580}{5}  \\  \\  = 116 \%

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