nimah43
nimah43 nimah43
  • 13-01-2024
  • Mathematics
contestada

Calculate the percentage profit on article bought $4240 and sold for 5400

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devishri1977
devishri1977 devishri1977
  • 13-01-2024

Answer:

27.36%

Step-by-step explanation:

Calculate the profit by subtracting the cost price from selling price.

Profit = 5400 - 4240

          = $ 1160

To find the profit percentage, use the below mentioned formula,

[tex]\boxed{\bf Profit \ percentage = \dfrac{Profit}{cost \ price}*100}[/tex]

                                 [tex]\sf = \dfrac{1160}{4240}*100\\\\\\= 27.36 \ \%[/tex]

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