Question

U 3 4

Lucy buys 7 kg of nuts to sell.
She pays £10 for the nuts.
Lucy puts all the nuts into bags.
She puts 350 g of nuts into each bag.
She then sells each bag of nuts for 75p.
Lucy sells all the bags of nuts.
Work out her percentage profit.

Answer 1

Answer: 50%

Explanation:

I'm converting 7kg to grams to make it easier. So £10 = 7000g

£1 = 7000÷10 = 700g

700g÷2 = 350g and if you follow the ratios on top, she payed 50p per 350g

She sells a bag of 350g for 75p.

Percentage profit=
`(Change in cost)/(original cost)` × 100

75p - 50p = 25p = change in cost

Percentage profit=
`(25)/(50)` × 100

= 50%