Question

A shop makes a profit of £2750 in March it has an Easter sale and the profit for April is £3162.50. Work out the profit percentage increase

Answer 1

The profit percentage increase from March to April is calculated by subtracting the March profit from the April profit, dividing the result by the March profit, and then multiplying by 100. The profit increased from £2750 to £3162.50, resulting in a 15% increase.

Step-by-step explanation:

To calculate the profit percentage increase, you need to find the difference between the profit for April and the profit for March, and then divide that by the March profit. Multiply the result by 100 to get the percentage increase. So, let's work through the calculation step-by-step:

• First, find the difference in profit between April and March: £3162.50 - £2750 = £412.50.
• Next, divide this difference by the March profit: £412.50 / £2750 = 0.15.
• Finally, multiply by 100 to get the percentage: 0.15 * 100 = 15%.

Therefore, the profit percentage increase from March to April is 15%.