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BECE Mathematics 2011 Paper

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Question : 10

Total: 40

An article which costs

\text{ GH₵ 25.00}

\text{ GH₵ 35.00}

. Find the percentage profit made.

$10\%$
$28\%$
$40\%$
$70\%$

Solution:

Concept:

Percentage profit is calculated as profit divided by cost price, then multiplied by

100\%

.

Explanation:

Selling Price

= \text{GH₵}\,35.00

Cost Price

= \text{GH₵}\,25.00

Profit

= \text{Selling Price} - \text{Cost Price}

Profit

= 35 - 25 = 10

Profit percentage

= \frac{\text{Profit}}{\text{Cost Price}} \times 100\%

Profit percentage

= \frac{10}{25} \times 100\%

Profit percentage

= \frac{1000}{25}\% = 40\%

Answer:

The percentage profit made is

40\%

, which is option C.

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