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How would you work this out geeta makes a cake for 2 and sells it for 2.50 what is her percentage profit?
Wiki User
∙ 9y ago
Profit = Selling price - Cost
So in this case: Profit = $2.50 - $2
Profit = $.50
Percentage profit = (profit/selling price) x 100
So in this case: percentage profit = ($.50/$2.50) x 100
Percentage profit = (.2) x 100
Percentage profit = 20%
Improved Answer:-
It is: (2.50-2)/2 times 100 = 25% profit
Wiki User
∙ 9y ago
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