Question

If a chair costs 734 dollars and I give it to my friend for 823 dollars how much is my profit as a percentage

Answer 1

`X=12.125\%`

Explanation:

From the question we are told that:

Cost Price
`CP=734`

Sale Price
`SP=823`

Generally the equation for Profit P is mathematically given by

`Profit=SP-CP`

`P=823-734`

`P=89`

Therefore as a percentage

Percentage Profit X is given as

`X=(89)/(734)*100`

`X=12.125\%`