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| Math Central | Quandaries & Queries |
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Question from Vanessa, a parent: Mrs Henderson buys a chair for $215.00 and later sell the chair for $336.00 what percent profit is this? |
Hi Vanessa,
The profit is $336.00 - $215.00 = $121.00. Percent profit means to express the profit as a percentage of what the chair cost you. The profit as a fraction of what it cost you is $121.00/$215.00 = 0.5628. To express this fraction as a percentage you multiply by 100 to get 56.28%.
Penny
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