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A school buys calculators for £5 and sells them for £6. Find the percentage profit.

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Answer:

20%

Explanation:

The profit made on each calculator is the selling price minus the cost price, which is:

£6 - £5 = £1

The percentage profit is the profit as a percentage of the cost price, which is:

(Profit / Cost Price) x 100%

Substituting the values we have:

(1 / 5) x 100% = 20%

Therefore, the percentage profit made by the school on each calculator is 20%.

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