2015

Mathematics

POST UTME

if an item bought for ₦180.00 was sold for ₦225.00, calculate the percentage profit

A.

20%

B.

25%

C.

45%

D.

80%

Correct Answer: 25%

Explanation

$%profit$ $%profit$ %profit $=$ $\frac{sp - cp}{cp}$ $\times 100%$ %
$=$ $\frac{225-180}{180}$ $\times 100$ % = 25%

$%profit$ $%profit$ %profit $=$ $\frac{sp - cp}{cp}$ $\times 100%$ %

$=$ $\frac{225-180}{180}$ $\times 100$ % = 25%

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