SOLUTION: I paid $220 for a piece of slate but sold it for $275 so I made a $55 profit. What is the percentage made?

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Question 450604: I paid $220 for a piece of slate but sold it for $275 so I made a $55 profit. What is the percentage made?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi

I paid $220 for a piece of slate but sold it for $275 so I made a $55 profit.

  What is the percentage made?  55/220 = .25  or a 25% profit

CHECKING our Answer***

 $220 + .25*$220 = $275