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Math Help - Percentage Profit

  1. #1
    Member
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    Percentage Profit

    Hi,

    A) A dealer buys 200 similar envelopes for $60. He sells them for 80 cents each.
    a. How much money did he sell them all for?

    200 x 80 = 16 000 cents
    => $160.00
    He sold them all for $160.00.

    b. What was his percentage profit?

    \frac{\rm{Selling\ Price - Cost\ Price}}{{\rm{Cost Price}}}\times 100

    \frac{160 - 60}{60} \times 100

    166\frac23 \%

    B) Find the percentage profit:

    i. Cost Price is 30 cents and Selling Price is 35 cents

    \frac{5}{30} \times 100

    16\frac23 \%
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  2. #2
    MHF Contributor
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    Re: Percentage Profit

    looks good tto me
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