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:

129.6% profit

Step-by-step explanation:

1)Firstly in order to find the overall profit you take away $2.70 from $6.20 = $3.50

2)The next step is to put the profit over the amount paid = 3.50/2.70 = 35/27.

3)In order to find the percentaage you multiply 35/27 by 100 = 129.629 recurring. This rounded to 1 decimal place is 129.6%

Thank you for reading, please let me know if I've missed anything out!