Question

The store paid $2. 70 for a book and sold it for $6. 20. What is the profit as a percent?.

Answer 1

Answer:

profit = 129.63% (to the nearest hundredth) as a percent of the price the store paid for the book

Step-by-step explanation:

Use the percentage change formula:

percent change = [ (difference between the initial value and the final value) ÷ initial value] x 100

= [ (6.20 - 2.70) ÷ 2.70 ] x 100

= [ 3.5 ÷ 2.70 ] x 100

= 37/27  x 100

= 129.6296296...

= 129.63% (to the nearest hundredth)