Answered

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Gordon buys an antique teapot for £95.
He sells it on an Internet auction site for
£133.
Calculate his percentage profit.

Sagot :

so he got for £95 and sold it for £133, so  hmmmm the difference is simply £38.

if we take 95 to be the 100%, what is 38 off of it in percentage?

[tex]\begin{array}{ccll} \pounds&\%\\ \cline{1-2} 95 & 100\\ 38& x \end{array} \implies \cfrac{95}{38}=\cfrac{100}{x}\implies \cfrac{5}{2}=\cfrac{100}{x} \\\\\\ 5x=200\implies x=\cfrac{200}{5}\implies x=40[/tex]

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