Question

A boy bought an article for £9. He spent £4

repairing it and sold it for £18. Calculate the gain
percent on his total costs. (to nearest %)
Help

Answer 1

Profit % = 39%

Explanation:

Cost price of the article = 9

Price for repairing = 4

Therefore, Total cost of the article = 9 + 4 = 13

Selling price of the article = 18

Profit = 18 - 13 = 5

Hence,

`Profit \% = (Profit)/(Cost \ price) * 100\\\\`

`= (5)/(13) * 100\\\\=38.46 \%\\\\=38.5 \%`

Profit percent (to the nearest %) = 39%