SOLUTION: a textbook costs a bookstore 60 dollars, it sells it for 75 dollars. find the rate of profit based on the selling price

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Question 1094412: a textbook costs a bookstore 60 dollars, it sells it for 75 dollars. find the rate of profit based on the selling price
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
if it costs 60 and it sells for 75, then the profit is 15.

15/60 = .25 = 25% profit

the rate of profit is either .25 or 25%, depending on how they wish to show it.

normally you would say that it's a 25% rate of return.