4MA1/1F Jun 2020, Question 12: Profit and Loss
Pearson Edexcel International GCSE Mathematics A 4MA1 · Paper 1F (Foundation) · Calculator · 4 marks
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The question, in short
Gavin buys 3 pairs of jeans for $72 and sells each for £34.50 with £1 = $1.34. Work out his percentage profit, rounded to the nearest whole number.
Summarised in our own words. Use the official paper for the exact wording and any diagrams.
Solution · 4 marks
- 1Cost per pair = 72 ÷ 3 = $24
- 2Selling price in dollars = 34.50 × 1.34 = $46.23
- 3Profit per pair = 46.23 − 24 = $22.23
- 4Percentage profit = 22.23 ÷ 24 × 100 = 92.6… = 93
Answer93
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