4024/12 Oct/Nov 2020, Question 5: Profit and Loss
Cambridge O Level Mathematics 4024 · Paper 12 (Non-calculator) · Non-calculator · 2 marks
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The question, in short
Work out the profit as a percentage of the $40 cost when a vase bought for $40 is sold for $200.
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Solution · 2 marks
- 1Profit = 200 − 40 = $160
- 2Percentage profit = 160/40 × 100 = 400%
Answer400
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