SOLUTION: A trader bought an electric iron for $1,200.00 and sold it for $1,680.00. what was the percentage profit?

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Question 847100: A trader bought an electric iron for $1,200.00 and sold it for $1,680.00. what was the percentage profit?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,

100+-+100%281680%2F1200%29 = 40%

CHECKING our answer***

 $1200 + .40($1200) = $1200 + $480 = $1680

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