A shop owner buys loaves of bread at $4800 and sells them for $5650 each. Find the percentage profit/ loss earned.

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Jhaavist asked May 15, 2022

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A shop owner buys loaves of bread at $4800 and sells them for $5650 each. Find the percentage profit/ loss earned.

Mathematics
high-school

Jhaavist asked May 15, 2022

by Jhaavist

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1 Answer

13 votes

Answer:

17.708333% increase

Explanation:

To find the percent increase take the new price and subtract the old price

5650-4800

850

Divide by the old price

850/4800

0.177083333

Change to percent form

17.708333% increase

Miger answered May 21, 2022

by Miger

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