A merchant sells goods which cost $240 for $299. What percentage is his profit of the cost price?

Question

asked Jul 21, 2022 43.6k views

1 Answer

Hamamelis · Answer 1 · 2022-07-26T21:39:16+0000

Answer:

24.58%

Explanation:

Given that,

Initial cost = $240

Final cost = $299

We need to find the percentage in his profit of the cost price.

Profit = Final cost - Initial cost

= $299 - $240

= $59

Percentage,

$\%=(59)/(240)*100\\\\=24.58\%$

So, the required percentage is equal to 24.58%.