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Sonja bought an old bike for $20. She spent $47 on parts and paint and then renovated it.She sold it for $115 through her local newspaper. The advertisement cost $10.Question 1Workboarda. What were her total costs?   Total costs = $SUBMIT (ATTEMPT 1 OF 2)Question 2Workboardb. What percentage profit did she make on costs?    Give your answer correct to the nearest whole percentage.     Percentage profit = %SUBMIT (ATTEMPT 1 OF 2)Question 3Workboardc. What percentage profit did she make on the selling price?    Give your answer correct to the nearest whole percentage.    Percentage profit = %

Question

Sonja bought an old bike for 20.Shespent20. She spent 47 on parts and paint and then renovated it.She sold it for 115throughherlocalnewspaper.Theadvertisementcost115 through her local newspaper. The advertisement cost 10.Question 1Workboarda. What were her total costs?   Total costs = $SUBMIT (ATTEMPT 1 OF 2)Question 2Workboardb. What percentage profit did she make on costs?    Give your answer correct to the nearest whole percentage.     Percentage profit = %SUBMIT (ATTEMPT 1 OF 2)Question 3Workboardc. What percentage profit did she make on the selling price?    Give your answer correct to the nearest whole percentage.    Percentage profit = %

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Solution

Question 1: a. Total costs = Cost of bike + Cost of parts and paint + Advertisement cost Total costs = 20+20 + 47 + 10=10 = 77

Question 2: b. Profit = Selling price - Total costs Profit = 115115 - 77 = 38Percentageprofitoncosts=(Profit/Totalcosts)100Percentageprofitoncosts=(38 Percentage profit on costs = (Profit / Total costs) * 100 Percentage profit on costs = (38 / $77) * 100 = 49.35%, which rounds to 49% to the nearest whole percentage.

Question 3: c. Percentage profit on the selling price = (Profit / Selling price) * 100 Percentage profit on the selling price = (38/38 / 115) * 100 = 33.04%, which rounds to 33% to the nearest whole percentage.

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