Final answer:
To calculate the percentage profit for azaleas, subtract the cost price (€11.50) from the selling price (€14.95) to find the profit (€3.45 per azalea). Then divide the profit by the cost price and multiply by 100 to arrive at a 30% profit margin.
Step-by-step explanation:
To calculate the percentage profit the garden centre makes on azaleas, you need to know both the cost price and the selling price of the azaleas. The cost price is €11.50, and the selling price is €14.95. The calculation for percentage profit involves finding the profit first, which is selling price minus cost price, and then dividing the profit by the cost price. Finally, multiply by 100 to get the percentage.
The profit per azalea is calculated as follows:
Profit = Selling Price - Cost Price
Profit = €14.95 - €11.50
Profit = €3.45
Now, calculate the percentage profit:
Percentage Profit = (Profit / Cost Price) × 100
Percentage Profit = (€3.45 / €11.50) × 100
Percentage Profit = 0.30 × 100
Percentage Profit = 30%
Therefore, the garden centre makes a 30% profit on each azalea sold.