Question

CorrectBob's Golf Palace had a set of 10 golf clubs that were marked on sale for $840. This was a discount of 10% off the original selling price.Step 3 of 4: What was the store's percent of profit based on cost ($390)? Follow the problem-solving process and round your answer tothe nearest hundredth of a percent, if necessary.

Answer 1

The percent change is given by:

`Percent_{\text{ }}change=\frac{New_{\text{ }}value-old_{\text{ }}value}{old_{\text{ }}value}*100`

The old value is $390