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Hi Jaheem, I want to change the numbers and ask
You first need to express both monitory values in the same units. I'm going to use dollars. Thus the problem becomes
The profit on this sale is $\$2 - \$0.75 = \$1.25.$ Profit is usually expressed as a percentage of the selling price which in your case is $\$2.$ Hence the profit as a percentage of the selling price is \[\frac{\$1.25}{\$2} \times 100 = 62.5\%.\] I hope this helps, |
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