Question

The store paid $2.50 for a book and sold it for $5.25. what is the profit as a percent?

Answer 1

110%

Step-by-step explanation:

Took a test and got it right.

Answer 2

To find the profit as a percentage:

profit as a percent = (price sold - purchase price) / (purchase price)

profit as a percent = (5.25 - 2.50 ) / (2.50)
profit as a percent = 2.75 / 2.50
profit as a percent = 1.1
then we will multiply 1.1 by 100 to get a percentage
profit as a percent = 110%