SOLUTION: If a chair cost $600 to make, and was sold for $720, what is the percentage of profit?

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Question 1032472: If a chair cost $600 to make, and was sold for $720, what is the percentage of profit?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
If a chair costs $600 to make, and was sold for $720, what is the percentage of profit?
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Quantity profit:: 720-600 = 120
Percent profit:: 120/600 = 12/60 = 1/5 = 20%
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Cheers,
Stan H.
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