Practice Questions

Question 9 « Prev Next »

Kelly bought a painting at an antiques sale for $500 and the following day she was able to sell it for an additional $30. What percentage of the sale price was her profit?

VIEW ANSWER
Answer: 6%

Explanation

Divide $30 by $530 ($500 + $30)

to determine the percentage of the sale price that the profit comprised:

30 ÷ 530

= 0.056

= 6%.

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