Question

Allan sold a painting to Bella. Bella then sold the painting to Chris who, in turn sold the painting to Dally. The price increased overall by 90% of what it was originally worth.If Allan made 40% profit and Bella made 20% profit, what percentage profit did Chris make (to the nearest whole number)?

Answer 1

Chris made a profit of 219% (to the nearest whole number).

Step-by-step explanation:

To find the percentage profit that Chris made, we need to understand the overall increase in price and the profits made by Allan and Bella. Let's assume the original price of the painting was $100.

Allan made a 40% profit, so he sold it to Bella for $140. Bella then made a 20% profit and sold it to Chris for $168.

Now, if the price increased overall by 90% of its original worth, we can calculate the final selling price - $168 x (1+90%) = $319.2.

To find Chris's profit, we subtract the original price from the final selling price - $319.2 - $100 = $219.2.

Chris made a profit of $219.2 from an original price of $100. Now we can calculate the percentage profit - ($219.2 / $100) x 100 = 219.2%. So, Chris made a profit of 219% (to the nearest whole number).