A school sport's team sold hats for $12 each hat. The team made a profit of $3 for each hat sold. What percent of the selling price of each hat is the profit?

Question

asked Jun 4, 2022 9.2k views

1 Answer

Lucchi · Answer 1 · 2022-06-08T05:21:29+0000

Answer: 25%

Explanation:

Given: Selling price of each hat = $12

Profit on each hat = $3

To find: The percent of the selling price of each hat is the profit.

Ratio of profit to selling price =
$\frac3{12}=\frac14$

The required percentage = Ratio of profit to selling price x 100

$=\frac14*100=25\%$

The profit is 25% of the selling price.