Question

Johnson purchase a game for $ 8760 and then sell it for $9000. Calculate Johnson’s profit percent.

Answer 1

Answer:

the profit percent is 2.667

Answer 2

2.74%

Step-by-step explanation:

Given,

Cost price of the game = $8760

Selling price = $9000

Now, Profit = Selling Price – Cost Price

So, profit on the game = 9000 - 8760 = $240

Using the formula for profit percentage,

Profit % = (Profit / C.P.) × 100

So, the profit percentage of the shopkeeper will be (240 / 8760) × 100 = 0.0273 × 100 = 2.74%.

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