Question

Sean pays £10 for 24 chocolate bars.

He sells all 24 chocolate bars for 50p each.

Work out Sean's percentage profit

Answer 1

so he got them for £10 all 24 bars, then he went and sold each for 50c, so hmmm 24 at £0.50 that's (24)(0.5) = 12, so he bought them for £10 and sold them for £12, he's got a surplus or profit of £2.

now, if we take 10(origin amount) as the 100%, what's 2 off of it in percentage?

`\begin{array}{ccll} amount&\%\\ \cline{1-2} 10 & 100\\ 2& x \end{array} \implies \cfrac{10}{2}~~=~~\cfrac{100}{x} \\\\\\ 5 ~~=~~ \cfrac{ 100 }{ x }\implies x=\cfrac{100}{5}\implies x=20`