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Questions and Answers
Calculate the profit percentage if the selling price is $1200 and the cost price is $1000?
Calculate the profit percentage if the selling price is $1200 and the cost price is $1000?
20%
Convert the fraction 3/5 to a decimal and then to a percentage.
Convert the fraction 3/5 to a decimal and then to a percentage.
0.6, 60%
If an item originally costs $80 but is on sale at a 25% discount, what is the sale price?
If an item originally costs $80 but is on sale at a 25% discount, what is the sale price?
$60
What is the profit percentage if the selling price is $1500 and the cost price is $1200?
What is the profit percentage if the selling price is $1500 and the cost price is $1200?
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If an item originally costs $200 but is on sale at a 40% discount, what is the sale price?
If an item originally costs $200 but is on sale at a 40% discount, what is the sale price?
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Convert the fraction 7/8 to a decimal and then to a percentage.
Convert the fraction 7/8 to a decimal and then to a percentage.
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Study Notes
Profit Percentage Calculations
- To calculate profit percentage, use the formula: (Selling Price - Cost Price) / Cost Price × 100
- Example: Selling Price = $1200, Cost Price = $1000, Profit Percentage = ($1200 - $1000) / $1000 × 100 = 20%
Converting Fractions to Decimals and Percentages
- To convert a fraction to a decimal, divide the numerator by the denominator
- Example: 3/5 = 3 ÷ 5 = 0.6
- To convert a decimal to a percentage, multiply by 100
- Example: 0.6 × 100 = 60%
Discounts and Sale Prices
- To calculate sale price, subtract discount amount from original price
- Example: Original Price = $80, Discount = 25%
- Discount Amount = $80 × 0.25 = $20
- Sale Price = $80 - $20 = $60
More Profit Percentage Calculations
- Example: Selling Price = $1500, Cost Price = $1200, Profit Percentage = ($1500 - $1200) / $1200 × 100 = 25%
More Discounts and Sale Prices
- Example: Original Price = $200, Discount = 40%
- Discount Amount = $200 × 0.4 = $80
- Sale Price = $200 - $80 = $120
More Conversions
- Example: Convert 7/8 to a decimal: 7 ÷ 8 = 0.875
- Convert 0.875 to a percentage: 0.875 × 100 = 87.5%
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