A trader bought a radio of N36 and sold it for N45. Express the profit as a percentage of cost price.
Show workings
Profit = Selling Price - Cost Price
Profit = N45 - N36
Profit = N9
Profit percentage = (Profit / Cost Price) x 100
Profit percentage = (N9 / N36) x 100
Profit percentage = 25%
Therefore, the profit as a percentage of the cost price is 25%.
To calculate the profit as a percentage of the cost price, we need to find the difference between the selling price and the cost price, and then divide it by the cost price, and finally multiply it by 100 to express it as a percentage.
1. Calculate the profit:
Profit = Selling Price - Cost Price
Profit = N45 - N36
Profit = N9
2. Calculate the percentage of profit:
Percentage of Profit = (Profit / Cost Price) * 100
Percentage of Profit = (N9 / N36) * 100
Percentage of Profit = (0.25) * 100
Percentage of Profit = 25%
Therefore, the profit as a percentage of the cost price is 25%.
To express the profit as a percentage of the cost price, we need to calculate the profit and then divide it by the cost price.
Profit = Selling Price - Cost Price
Profit = N45 - N36 = N9
Now, let's calculate the percentage of the profit:
Profit Percentage = (Profit / Cost Price) x 100
Profit Percentage = (N9 / N36) x 100
Profit Percentage = (0.25) x 100 = 25%
Therefore, the profit as a percentage of the cost price is 25%.