SOLUTION: Will someone please, please help wit this question. Ronald was given a bike which was in need of repair. He spent sixty pounds on spare parts and twelve pounds on paint. He then

Question 622779: Will someone please, please help wit this question.
Ronald was given a bike which was in need of repair. He spent sixty pounds on spare parts and twelve pounds on paint. He then sold the bike for ninty-five pounds.
Calculate the profit as a percentage of his costs.
Give the percentage to the nearest whole number.

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Ronald was given a bike which was in need of repair. He spent sixty pounds on spare parts and twelve pounds on paint. He then sold the bike for ninty-five pounds.
Calculate the profit as a percentage of his costs.
Give the percentage to the nearest whole number.
---------------
He spend 72 pounds
He made 23 pounds (95 - 72)
%age = 23*100/72
=~ 32%

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