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If a shopkeeper buys a lamp for 28 pounds and marks it up by 8.40. what is the percentage in his profit FULL EXPLANATION

If a shopkeeper buys a lamp for 28 pounds and marks it up by 8.40. what is the percentage in his profit FULL EXPLANATION
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If a shopkeeper buys a lamp for 28 pounds and marks it up by 8.40. what is the percentage in his profit

FULL EXPLANATION

asked
User Matt List
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1 Answer

1 vote

Percentage profit = (profit/ buying price) × 100

= (8.40/28) × 100 = 30%

answered
User Paul Warnick
by
8.3k points
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