- 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? |

- 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:
- Profit = 200 - 170 = £30
- Percentage profit = 30 / 170 x 100% =
**17.64%**(2dp)

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