Question

A shop sells pairs of trainers for £48 each.

They make a percentage profit of 100% on each pair.
What was the cost of each pair of trainers to the shop?

Answer 1

£24

Explanation:

100% profit means they sold them for double the price and got back the original price of the product and the original price as profit so -

48 / 2 =£24

I hope this helps :)