Josephine bought a bag of garri for 320 naira and sold it for 400naira what was her percentage profit?
First, we need to calculate the profit made by Josephine.
Profit = Selling price - Cost price
Profit = 400 - 320 = 80
Next, we need to calculate the percentage profit.
Percentage profit = (Profit/ Cost price) x 100
Percentage profit = (80/320) x 100
Percentage profit = 25%
Therefore, Josephine made a 25% profit on the bag of garri she sold.
To calculate the percentage profit, we need to find the difference between the selling price and the cost price, and then divide that difference by the cost price.
Profit = Selling Price - Cost Price = 400 - 320 = 80 naira
Percentage Profit = (Profit / Cost Price) * 100
Percentage Profit = (80 / 320) * 100 = 25%
Therefore, Josephine made a 25% profit on the garri she sold.