Question

Sean pays £10 for 24 chocolate bars. He sells all 24 chocolate bars for 50p each.

Work out Sean's percentage profit.

Answer 1

the percentage profit is 20%

Explanation:

Given that

Sean paid £10 for 24 chocolate bars

He sold all 24 chocolate bars for 50p each

we need to find out the percentage profit

Since he paid £10 and sale value is (24 × 0.50) i.e. £12

So, the percentage profit is

= (£12 - £10) ÷ (£10)

= 20%

Hence, the percentage profit is 20%