SOLUTION: The cost of a stove to a store owner was $550, and she sold the stove for $620. What was her percent of profit based on cost? Follow the problem-solving process and round y

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: The cost of a stove to a store owner was $550, and she sold the stove for $620. What was her percent of profit based on cost? Follow the problem-solving process and round y      Log On


   

Question 1049039: The cost of a stove to a store owner was
$550, and she sold the stove for
$620.

What was her percent of profit based on cost? Follow the problem-solving process and round your answer to the nearest hundredth if necessary.
Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
(620 selling price-550 cost)/550 cost=.12727 or 12.727% profit. ☺☺☺☺