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 Question from Jaheem: A shopkeeper buys an article for 80 cents and sold it for $\$1.$Calculate the percentage profit. Hi Jaheem, I want to change the numbers and ask A shopkeeper buys an article for 75 cents and sold it for$\$2..$ Calculate the percentage profit.

You first need to express both monitory values in the same units. I'm going to use dollars. Thus the problem becomes

A shopkeeper buys an article for $\$0.75$and sold it for$\2.$Calculate the percentage profit. 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,
Penny

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