Please leave HOW to get that % answer. I need a Math course!
2006-11-16 01:28:37 · 7 answers · asked by krymarbet 1 in Science & Mathematics ➔ Mathematics
You must divide the amount of the profit by the wholesale price. Trivially, the profit is $0.60. $0.60 / $0.05 = 12. To get a percent, you must mulitply this result by 100%, giving you 1200% profit. Not bad!
2006-11-16 01:32:49 · answer #1 · answered by DavidK93 7 · 0⤊ 0⤋
In theory it would be the gross ($0.60) divided by the purchase price ($0.05):
0.60 / 0.05 = 12 or 1200%
As far as a math question goes, but really mess with you teacher by asking why you don't factor in business costs such as finding the bagel maker, getting clients, if you have a store open, how much you pay your employees, shipping costs, taxes in your local area, are you opening as part of a chain, is their a franchise fee?
All of those factors plus more need to be calculated into the cost of every bagel when it comes to the business.
Probably not too important but just food for thought!
2006-11-16 09:42:28 · answer #2 · answered by Terri Ann 2 · 0⤊ 0⤋
.65-.05=.60 profit
.60 divided by .05 gives you a profit of 1200%
2006-11-16 09:34:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The profit is 0.65 - 0.05 = 0.60
The percentage profit is
0.60/0.05 x 100 = 1200%
2006-11-16 09:34:46 · answer #4 · answered by ricochet 5 · 0⤊ 0⤋
1200% !!!
Profit = sale price - purchase price
Profit = 65-5=60
%profit =(profit/purchase price)x100
%profit = (60/5)x100
%p=(12)x100
%p=1200
2006-11-16 09:49:26 · answer #5 · answered by Kevin R 1 · 0⤊ 0⤋
65-6=60
60/5=12
to get the percentage...
12x100=1200
so its 1200% profit
but dont forget that there are bills and other stuff that you have to pay for too
2006-11-16 09:39:11 · answer #6 · answered by nsnsnsns 3 · 0⤊ 0⤋
cost price=$.05
selling price=$.65
profit=sp-cp
=.65-.05
=$.60
profit%=(profit/cp)*100
=(.60/.05)*100
=1200%
2006-11-16 11:21:37 · answer #7 · answered by virendra s 2 · 0⤊ 0⤋