Question

3. A shopkeeper bought a mug at $2. He then
sold it for $2.75.
(a) What was his profit?
(b) Express the profit as a percentage of the
cost price.​

Answer 1

Answer:

a) profit= $0.75

b) 37.5%

Step-by-step explanation:

a) profit=S.P.-C.P.

=$2.75-$2=$0.75

b) profit%= profit × 100 = 0.75×100=37.5%

c.p. 2