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 Question from kathie, a parent: find the profit income is $\$500$expenses$\$120$

Hi Kathie,

If you spent $\$120$to make an item and you sold it for$\$500$ then you have made $\$500 - \$120 = \$380.$This is your profit. Many times you want to express your profit as a percentage of the selling price. To do this first express the profit as a fraction of the selling price. The profit is$\large \frac{380}{500}\$ of the selling price. To convert this to a percentage multiply by 100.

I hope this helps,
Penny

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