Question

Mr. Johnson bought stock valued at $84.00 per share and sold it

for $110.25. What was the percent of profit?
Round your answer to the nearest hundredth of a percent.

Answer 1

%31.25

Step-by-step explanation:

Profit = selling price - cost price

= $110.25 - $84.00

= $26.25

Profit Percentage = (Profit/Cost Price) × 100

= ($26.25/ $84.00) × 100

= %31.25