Question

Find the percentage profit or loss for the following cost and selling price. Cost price a)3,000.00 GH b)GH 3,000.00 GH 420.00 d) GH 11,350.00 e) GH 745.00 selling price GH3,450.00 GH2,580.00 GH315.00 GH 877.50. GH 1,005.15.​

Answer 1

(a) 15% profit

(b) 14% loss

(c) 25% loss

(d) 92% loss

(e) 35% profit

Explanation:

You want the percentage profit or loss for the following cost and selling prices in GH currency:

• cost 3,000, selling price 3,450
• cost 3,000, selling price 2,580
• cost 420, selling price 315
• cost 11,350, selling price 877.50
• cost 745, selling price 1,005.15

Profit

The percentage profit is found using the formula ...

profit % = ((selling price)/(cost price) -1) × 100%

When the profit is negative, it represents a loss.

The attachment shows the calculations for the given prices. The respective percentages are ...

(a) 15% profit

(b) 14% loss

(c) 25% loss

(d) 92% loss

(e) 35% profit

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