£2.95 what percentage profit do we make on each bottle?
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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%
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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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