Question

A boy bought an article for £9. He spent £4
repairing it and sold it for £18. Calculate the gain
percent on his total costs. (to nearest %)
Help

Answer 1

Answer:

Profit % = 39%

Step-by-step explanation:

Cost price of the article = 9

Price for repairing = 4

Therefore, Total cost of the article = 9 + 4 = 13

Selling price  of the article = 18

Profit = 18 - 13 = 5

Hence,

          $Profit \% = \frac{Profit}{Cost \ price} \times 100$

                        $= \frac{5}{13} \times 100\\\\=38.46 \%\\\\=38.5 \%$

Profit percent (to the nearest %) = 39%