Answer:
46.7
Step-by-step explanation:
Sp-Cp
$44-$30=$14
14/Cp x 100
= 14/30 x 100=46.66%
Ans= 46.7%
Proof
% x CP
46.66/100 x $30= $13.998
$13.998= SP-CP
Hope it helps
Jim's got profit percentage is 46.67%
Profit percentage is refer to "the amount of profit that has been incurred in terms of percentage".
According to the question,
Jim buys a wardrobe for £30 which is cost price of wardrobe and he sells £44.
In order to find profit percentage we have to use formula.
Profit percentage = [tex]\frac{selling price - cost price }{cost price}[/tex] × 100
= [tex]\frac{(44-30)}{30}[/tex] × 100
= [tex]\frac{14}{30}[/tex] × 100
= 46.6667% ≈ 47%
Hence, Jim's got profit percentage is 46.67%.
Learn more about profit percentage here
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