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Jessie buys picture frames for $5 each and marks them up 25%. How much profit did he make?

1 Answer

6 votes

Answer:

The profit from each picture frame = $1.25

Explanation:

The buying price for each picture frame = $5

As Jessie marks them up 25%.

Selling price = 5 + (25% × 5)

= 5 + (0.25 × 5)

= 5 + 1.25

= 6.25

As the selling price of each frame = $6.25

Buying price = $5

Thus, profit = selling price - buying price

= $6.25 - $5

= $1.25

Therefore, the profit from each picture frame = $1.25

User Martin Peck
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