SOLUTION: A trader buys an item for 50naira and sells it for 60naira what is his percentage profit?

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Question 996946: A trader buys an item for 50naira and sells it for 60naira what is his percentage profit?
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Profit = 60 - 50 = 10 naira
His percentage is found by
(10 / 50) x 100% = 20% profit