Answer:
Percentage profit = 20%
Step-by-step explanation:
Given the following data;
Cost price = birr 180
Selling price = birr 225
To find the percentage profit;
First of all, we would determine the profit;
Profit = selling price - cost price
Profit = 225 - 180
Profit = birr 45
Next, we would determine the percentage profit;
[tex] Percentage \; profit = \frac{profit}{selling \; price} * 100[/tex]
[tex] Percentage \; profit = \frac{45}{225} * 100[/tex]
[tex] Percentage \; profit = 0.2 * 100[/tex]
Percentage profit = 20%
