The cost of a ball is $2. Its selling price is $5. What is the percentage increase on the cost price?
Question
The cost of a ball is 5. What is the percentage increase on the cost price?
Solution
Step 1: First, we need to find out how much profit is made. This is done by subtracting the cost price from the selling price. So, 2 = $3.
Step 2: Next, we need to find out what percentage this profit is of the cost price. We do this by dividing the profit by the cost price and then multiplying by 100 to get a percentage. So, (2) * 100 = 150%.
Therefore, the percentage increase on the cost price is 150%.
Similar Questions
On selling 17 balls at Rs.720/-, there is a loss equal to the cost price of 5 balls. The cost price of a ball is?
The cost price of an article was increased by 15% when sold for N920.00. Find the cost price.
The price of an item increased by 2.5%.The original price of the item was $30.What is the new price?Question response areaSelect one option$30.75$33.00$32.50$37.50
The next model of a sports car will cost 11.9% more than the current model. The current model costs $43,000. How much will the price increase in dollars? What will be the price of the next model?Increase in price: $Price of next model: $
The usual price of a book was $20. Miko sold the book to Elsa for $23.60.Find the percentage increase in price.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.