|
Business profits are often calculated on
the selling price, and it is useful to have
a ready method of comparing profit on
selling price.
Rule — Give the percentage profit on
cost, to find the percentage profit on
selling price. Express the percentage as a
vulgar fraction and add the numerator to
the denominator, e.g.
Percentage profit on
cost Fraction |
First
Fraction |
Second on
sale |
Percentage
Profit |
|
20% |
1
/ 5 |
1
/ 6 |
162
/ 3% |
|
25%
|
1
/ 4 |
1
/ 5 |
20% |
|
331
/ 3% |
1
/ 3 |
1
/ 4 |
25% |
|
40% |
2
/ 5 |
2
/ 7 |
28.57% |
|
50% |
1
/ 2 |
1
/ 3 |
331
/ 3% |
|
