Question

Mia makes cupcakes and sells them to raise money for charity. She spends £6.82 on ingredients. Mia sells all the cupcakes and takes £37.51 during the sale. What percentage profit does mia make on the cupcakes

Answer 1

Answer:

466.61%

Step-by-step explanation:

Given: Mia spends on ingredients= 6.62

           Selling price of cupcakes= 37.51.

Now, finding the profit made by Mia by selling cupcakes.

Amount of profit= $Selling\ price - cost\ price$

∴ Amount of profit= $37.51 - 6.62= 30.89$

Hence, Amount of profit while selling cupcakes= 30.89

Next, finding the percentage of profit on selling cupcakes.

Profit percentage= $\frac{Profit}{cost\ price} \times 100$

Profit percentage= $\frac{30.89}{6.62} \times 100$

∴ Profit percentage= 466.61%