Question

A book is bought for 350 and sold for R490. Calculate the percentage profit

Answer 1

40% profit

Explanation:

percentage profit is calculated as

`(profit)/(original)` × 100%

profit = selling price - original price = 490 - 350 = R140 , then

percentage profit =
`(140)/(350)` × 100% = 0.4 × 100% = 40%