Question 692523
Peter purchased 450 apples for $375 and sold it at the rate of $13 per dozen. What is the percent of profit or loss that he makes? 


He sold them for more than he purchased them for so he made a profit


Sale price = {{{(450/12) * 13}}} ---- 37.5 * 13, or $487.50


Profit = 487.5 - 375, or $112.50


Profit percent = {{{(Profit/Cost) * 100}}}, OR


Profit percent = {{{(112.5/375) * 100}}}, or {{{highlight_green(30)}}}%


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