TUESDAY: For this term, we started off continuing on doing finance. PROFIT: is the difference between selling price and cost price. Selling price = cost price + Profit However if the selling price is less than the cost price, then the seller has mad a loss. We can express profit as percentage. eg. Bill purchases a tv for $300 and sells it fo $380.WHat is his porofit as a percentage of his cost price. cp = $300 sp= $380 Profit = $80 % profit = 80/300 times 100 = 26.67%
TERM 3
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TUESDAY:
ReplyDeleteFor this term, we started off continuing on doing finance.
PROFIT: is the difference between selling price and cost price.
Selling price = cost price + Profit
However if the selling price is less than the cost price, then the seller has mad a loss.
We can express profit as percentage.
eg. Bill purchases a tv for $300 and sells it fo $380.WHat is his porofit as a percentage of his cost price.
cp = $300
sp= $380
Profit = $80
% profit = 80/300 times 100
= 26.67%
GST:
ReplyDeleteGoods and services tax = 10%
Mars bar = $2.20 (inc gst)
100% + 10% = 110%
$2.20 = 110%
divide by100
0.02 = 1%
times 100
$2.00 = 100%
WEEK 4
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