Question

Jim buys a wardrobe for £30.
He sells it for £44.
Work out Jim’s percentage profit.
Give your answer to 1 decimal place.

Answer 1

Answer:

30/40

Step-by-step explanation:

like what the other guy said

Answer 2

The correct answer is 46.67%

What is profit percentage?

• It is the amount of profit that has been incurred in terms of  percentage.

How to solve this problem?

• The problem can be solved by following steps

So, According to the question

The cost price of the wardrobe given is £30

The Selling price of the wardrobe given is £44.

We need to find profit percentage

We have to use formula.

Profit percentage = $\frac{ Selling price - cost price}{costprice}$ × 100

                               =$\frac{ 44 - 30}{30}$ x100

                               = $\frac{14}{30}$ x 100

                              = 14.67%                          

Hence, Jim's got profit percentage is 46.67%.

Learn more about profit percentage here

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= 46.6667%  ≈ 47%