Question

A man bought a bicycle for $900 and sold for $1080:

a. Did he make a profit or loss? (1 mark)
b. Calculate his profit or loss. (2 marks)
c. Calculate his profit or loss percent. (2 marks​

Answer 1

A. he made a profit

B. he made $180

C. his profit percent is 17%

Explanation:

Answer 2

a) he made a profit

b)since profit =selling price - cost price

then $1080-$900

=$180

c)profit percent= profit/cost price * 100

$180/$900*100

=180/9

profit percent =20

hope I helped