If you buy tomatoes at the farm gate (cost price) and sell them at the market for more (selling price), the difference is your profit. Sell for less, and it's a loss.
Profit % = (Profit ÷ Cost Price) × 100
Example: A trader buys a bag of mealie-meal for $8 and sells it for $10. Profit = $2. Profit % = (2÷8)×100 = 25%.
Example: A phone bought for $150 is sold for $135 - a loss of $15, which is (15÷150)×100 = 10% loss.
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A vendor buys airtime worth $50 and sells it for $56. Find the profit %.A shop buys shoes for $20 …
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