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Asked by munchkin1979 - 4 years ago
£2.95 what percentage profit do we make on each bottle?
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Peter1g Level 24 / Retired Engineer
Answered 4 years ago
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1 bottle costs 15.84/24 = $0.66.Your profit is (Sale price - cost price)/cost price x 100% = 345.5%
slickwave Level 1
Answered 4 years ago
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To get the percentage profit on each bottle:

24 * 2.95 = 70.80

70.80 / 15.84 * 100/1 (do a cross multiply here)
15.84 * 100 = 1584
1584 / 70.80 = 22.37

round off to 1 decimal place, and the answer is

22.4%
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