Question

A woman bought 50 meters of cloth at 60 cedis . she sold the cloth at 1.50 cedis per meter. Find her percentage profit.​

Answer 1

25 %

Explanation:

Cost price = 60 Ghana cedis for 50 metres

Selling price = 1.50 cedis for 1 meter

x cedis for 50 meters

Cross multiply

Selling price = 75 cedis

Profit = Selling price - Cost price

75 - 60

Profit = 15

Profit % =

`(profit)/(cost \: price) * (100)/(1) \\ (15)/(60) * (100)/(1) \\ \\`

Profit % = 25 %