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4vir4ik [10]
3 years ago
10

A merchant sells goods which cost $240 for $299. What percentage is his profit of the cost price?​

Mathematics
1 answer:
Schach [20]3 years ago
5 0

Answer:

24.58%

Step-by-step explanation:

Given that,

Initial cost = $240

Final cost = $299

We need to find the percentage in his profit of the cost price.

Profit = Final cost - Initial cost

= $299 - $240

= $59

Percentage,

\%=\dfrac{59}{240}\times100\\\\=24.58\%

So, the required percentage is equal to 24.58%.

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