The store paid $2.70 for a book and sold it for $6.20. What is the profit as a percent?
1 answer:
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!
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