Finding Profit/Loss as a Percentage of Cost Price/Selling Price
Finding Profit/Loss as a Percentage of Cost Price/Selling Price
Secondary 1
A computer costs \(\$2500\).
- If the computer is sold for \(\$3250\), express the profit as a percentage of the cost price.
- If the computer is sold for \(\$1920\), express the loss as a percentage of the selling price.
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Answer:(i) \(30\%\) (ii) \(30\frac{5}{24}\%\)
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