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OpenStudy (anonymous):
Craig bought a second hand-hand bicycle for $80 and after repairing it sold it for $110. What is his profit as a percentage of the cost?
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OpenStudy (anonymous):
profit=(110-80)/80=37.5%
OpenStudy (anonymous):
yes, the profit is 110-80 which is 30. Now what percentage of 80 is 30? That gives 30/80 * 100 = 37.5%
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