Stacy spent £20 on ingredients for bread.
She made 15 loaves and sold them for £1.80 each.
Calculate her percentage profit.
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Answer:
C.P = £20
S.P = £1.80 × 15 = £27
profit = S.P - C.P
= 27 - 20
= £7
profit % = (profit × 100)÷C.P
= (7 × 100) ÷ 20
= 700 ÷ 20
= 35%
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