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He buys a jewel for $180 then sells it for $216 find his percentage profit

1 Answer

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The difference between the selling price and the cost price is the profit he earned.

Profit = Selling Price - Cost Price

Profit = $216 - $180

Profit = $36

To find the percentage profit, we need to calculate what proportion of the cost price the profit represents, and express that as a percentage :

Percentage Profit = (Profit : Cost Price) * 100%

Percentage Profit = ($36 : $180) * 100%

Percentage Profit = 0.2 * 100%

Percentage Profit = 20%

Therefore, his percentage profit is 20%.

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User Cristian Greco
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