SOLUTION: Albert bought his Bycicle for $275. He sold it for $350. A.) What was the amount of his profit B.) What was the amount of his percentage profit. Please show all wo

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Question 1190536: Albert bought his Bycicle for $275. He sold it for $350.
A.) What was the amount of his profit
B.) What was the amount of his percentage profit.



Please show all working👨‍💻 please🙏🙏
Answer by math_tutor2020(3817) About Me  (Show Source):
You can put this solution on YOUR website!

Part A

profit = revenue - cost
profit = 350 - 275
profit = 75

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Part B

Profit percentage = (profit/cost)*100%
Profit percentage = (75/275)*100%
Profit percentage = (0.2727)*100%
Profit percentage = 27.27%

The value is approximate.
This says that roughly 27.27% of the cost is profit.