Question

Donald Brooks bought a desk for $125.

After spending $75 on repairs, he sold the
desk for $350. What was his percent of
profit based on the cost?

Answer 1

75%

Explanation:

The total cost was $125 + $75 = $200

The selling price was $350.

The profit was $350 - $200 = $150

The percent profit was 150/200 * 100% = 75%