Question

Dom runs a pizza business. Last year he took in $88 000 and it cost him $33 000

Answer 1

Answer:

The percentage profit for the year is 62.50%

Step-by-step explanation:

Here, we want to calculate the percentage profit

That would be difference between the revenue (88,000) and the cost (33,000) divided by the revenue * 100%

We have this as;

(88,000-33,000)/88,000 * 100%

= 55,000/88,000 * 100%

= 62.50%