A shopkeeper buys a box of 20 cans of cola for $10. He sells the cans for 65 cents each. Work out hi

Discussion in 'Calculator Requests' started by math_celebrity, Nov 5, 2021.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    A shopkeeper buys a box of 20 cans of cola for $10. He sells the cans for 65 cents each. Work out his percentage profit.

    Calculate Revenue
    Revenue = Sale price per can * number of cans
    Revenue = 0.65 * 20
    Revenue = 13

    Calculate Profit given a cost of $10:
    Profit = Revenue - Cost
    Profit = 13 - 10
    Profit = 3

    Calculate Percentage Profit:
    Percentage Profit = Profit/Revenue * 100%
    Percentage Profit = 3/13 * 100%
    Percentage Profit = 0.23076923076 * 100%
    Percentage Profit = 23.08%
     

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