Question

If a chair costs 734 dollars and I give it to my friend for 823 dollars how much is my profit as a percentage

Answer 1

Answer:

$X=12.125\%$

Step-by-step explanation:

From the question we are told that:

Cost Price $CP=734$

Sale Price $SP=823$

Generally the equation for Profit  P is mathematically given by

 $Profit=SP-CP$

 $P=823-734$

 $P=89$

Therefore as a percentage

Percentage Profit X is given as

 $X=\frac{89}{734}*100$

$X=12.125\%$