jetthomasnov3007 jetthomasnov3007
  • 14-06-2021
  • Mathematics
contestada

If a chair costs 734 dollars and I give it to my friend for 823 dollars how much is my profit as a percentage

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okpalawalter8
okpalawalter8 okpalawalter8
  • 15-06-2021

Answer:

[tex]X=12.125\%[/tex]

Step-by-step explanation:

From the question we are told that:

Cost Price [tex]CP=734[/tex]

Sale Price [tex]SP=823[/tex]

Generally the equation for Profit  P is mathematically given by

 [tex]Profit=SP-CP[/tex]

 [tex]P=823-734[/tex]

 [tex]P=89[/tex]

Therefore as a percentage

Percentage Profit X is given as

 [tex]X=\frac{89}{734}*100[/tex]

[tex]X=12.125\%[/tex]

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