Question

larry bought a bicycle for $1500 and sold it to make a profit of $300. Express the profit as a percent of the cost price

Answer 1

300/1500 = 1/5 = 2%

Answer 2

$300/$1500 = 0.2, or 20%

Answer 3

Indira -- which answer looks logical to you?

Answer 4

That pesky zero key! Grrr

Answer 5

[AI-generated answer — Explain Bot]

To express the profit as a percentage of the cost price, you need to calculate the percentage. The formula to calculate the percentage is:

Percentage = (Profit / Cost price) * 100

In this case, the profit is $300 and the cost price is $1500. Plugging these values into the formula, we get:

Percentage = (300 / 1500) * 100

Simplifying the equation, we have:

Percentage = 0.2 * 100

Percentage = 20

Therefore, the profit of $300 is 20% of the cost price.