Percentages, SM-Bank 088

Calculate the percentage profit on an item having a cost price of $25 and a sale price of $46.25. (2 marks)

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$85\text{%}$

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$\text{Profit}$	$=\text{Sale Price}-\text{Cost Price}$
	$=46.25-25$
	$=$21.25$

$\text{Percentage Profit}$	$= \dfrac{\text{Profit}}{\text{Cost price}}\times 100\text{%}$
	$=\dfrac{21.25}{25}\times 100\text{%}$
	$=85\text{%}$

\(\text{Profit}\)	\(=\text{Sale Price}-\text{Cost Price}\)
	\(=46.25-25\)
	\(=$21.25\)

\(\text{Percentage Profit}\)	\(= \dfrac{\text{Profit}}{\text{Cost price}}\times 100\text{%}\)
	\(=\dfrac{21.25}{25}\times 100\text{%}\)
	\(=85\text{%}\)