Question

Angelina buys a pack of 16 bottles of juice for £7.36 She then sells all 16 bottles for 50p each. Work out Angelina's percentage profit. Give your answer correct to 2 significant figures.​

Answer 1

8.70%

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Find the difference between the selling price and the cost price, and then express it as a percentage of the cost price.

The selling price for each bottle is £0.50, so the total selling price for 16 bottles is:

• £0.50*16 = £8.00

The cost price for the 16 bottles is £7.36.

To find the profit, we subtract the cost price from the selling price:

• £8.00 - £7.36 = £0.64

To find the percentage profit, we divide the profit (£0.64) by the cost price (£7.36) and multiply by 100:

• (£0.64/£7.36) × 100 = 8.70%

Therefore, Angelina's percentage profit is 8.70%.