A textbook costs a bookstore $458, and the store sells it for $600. Find the rate of profit based on the selling price
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Answered by
0
Answer:
Profit percentage = 30 %
Answered by
1
Answer:
31 %
Step-by-step explanation:
CP of book is $458.
SP of book is $600.
In this case SP > CP so there is profit.
Profit = SP - CP
= 600 - 458
= $142
Rate of profit = ( profit / CP ) × 100
= 142 / 458 × 100
= 31% ( approx.)
Therefore, the rate of profit based on the selling price is 31%.
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