How do you work this numeracy question out?
A painting was bought in 1960 and sold in 2007 for six times its cost price. What percentage profit is this?
31-35, F
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Miram · 31-35, F
If you think it's 600% this is how you work it out:
100%= the initial price
100×6 = all the price=600
600(all the price)- 100= profits= 500
Now that's correct starting from 100% being the initial price.
If you consider the end price 100%, the profit percentage would be about 85%
100%= the initial price
100×6 = all the price=600
600(all the price)- 100= profits= 500
Now that's correct starting from 100% being the initial price.
If you consider the end price 100%, the profit percentage would be about 85%
summerlove · 31-35, F
@Miram Good way of thinking.
Miram · 31-35, F
@summerlove did you change 7 to 6? 😕