Question

Fred Buys a signed shirt for £25 and sells it for £40. What is the percentage profit? explaination please?

Answer 1

profit % =propfit\cost x 100
profit=40-25=15
15\25 x 100=60%

Answer 2

percent increase : (new number - original number) / (original number)....x 100

(40 - 25) / 25 = 15/25 reduces to 3/5.....x 100 = 60% profit