Question

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

Answer 1

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