Question

If a chair is bought for $40 and later with $50,find the profit percent

Answer 1

Answer:

profit = $50 - $40

= $10

profit percentage = $10 ×100 ÷ $40

= 25 %

Answer 2

Step-by-step explanation:

first chair was bought in =$40

later chair was bought in =$50

50-40

=10%

the profit percent is =10%