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A merchant sold an item for $18.50. If 30% of the selling price was profit, how much profit did the merchant make on the sale?

A merchant sold an item for $18.50. If 30% of the selling price was profit, how much profit did the merchant make on the sale?
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1 vote
A merchant sold an item for $18.50. If 30% of the selling price was profit, how much profit did the merchant make on the sale?

asked
User Pangiole
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8.2k points

2 Answers

3 votes

Answer:

$5.55 profit.

Explanation:

answered
User Low Yi Xiang
by
8.0k points
4 votes
$5.55 was profit   30 % changes to .30 and then multiply that times $18.50 and the answer is $5.55 profit.
answered
User Honk
by
7.4k points
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