- From: Ranut
- Date: 17 Feb 1999
- Subject: Percentage Profit
I can't seem to get 'percentage profit' questions right. For example:
A shop buys a bicycle for £170 and sells it for £200. Calculate the percentage profit.
Can you please help?
Maths Help suggests:
Follow this procedure:
- Work out the profit in pounds;
- Express this as a percentage of the original (Cost) price:
Make sure you divide by the original price !
So, in your example:
Have a look at percentage increase calculations and equations on the perentage calculator site here - https://www.percentagecalculator.co.uk/calculate-percentage-increase.html
- Profit = 200 - 170 = £30
- Percentage profit = 30 / 170 x 100% = 17.64% (2dp)
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