SOLUTION: A grocer buys 14 boxes of apples at £16.36 per box. He sells 12 boxes at £20.25 per box and the other 2 remain unsold.
Find his total profit as a percentage of the cost price.
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Question 927184: A grocer buys 14 boxes of apples at £16.36 per box. He sells 12 boxes at £20.25 per box and the other 2 remain unsold.
Find his total profit as a percentage of the cost price.
Answer by TimothyLamb(4379) (Show Source): You can put this solution on YOUR website!
cost = 14 * 16.36 = 229.04
revenue = 12 * 20.25 = 243
profit percentage = (r-c)/c * 100
(r-c)/c * 100 = ?
(243-229.04)/229.04 * 100 = 6.1 %
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