John bought a painting for $600 and sold it for $648. Find the profit as a percentage of the cost.

Discussion in 'Calculator Requests' started by math_celebrity, Nov 15, 2020.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    John bought a painting for $600 and sold it for $648. Find the profit as a percentage of the cost.

    Calculate the profit:
    Profit = Sale Price - Purchase price
    Profit = 648 - 600
    Profit = 48

    Calculate Profit percentage of cost =
    Profit percentage of cost = 100% * Profit/cost
    Profit percentage of cost = 100% * 48 / 600
    Profit percentage of cost = 8%
     
    math_celebrity, Nov 15, 2020
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