SOLUTION: Please help - struggling to work this out! An item bought wholesale for $18.00 sells for $27.50. What is the profit as i) a percentage of the wholesale price ii) a percentage

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Please help - struggling to work this out! An item bought wholesale for $18.00 sells for $27.50. What is the profit as i) a percentage of the wholesale price ii) a percentage      Log On


   

Question 469036: Please help - struggling to work this out!
An item bought wholesale for $18.00 sells for $27.50. What is the profit as
i) a percentage of the wholesale price
ii) a percentage of the retail price
Thanks for any help!
Answer by ccs2011(207) About Me  (Show Source):
You can put this solution on YOUR website!
Profit = 27.50 - 18 = 9.50
i) wholesale price was 18
Percent = %289.5%2F18%29%2A100
ii) retail price is 27.5
Percent = %289.5%2F27.5%29%2A100