By selling a TV for £1116, a retailer makes a profit of 24%. During a sale, the price is reduced to £1035.
(i) How much did the store pay for the TV?
THE ANSWER IS £900.
(ii) What percentage profit is made on the TV during the sale?
i dont understand part (ii)
Hi Sarah, to get the answer to part (ii) you find out the profit of the sale which is £1035-£900=£135. You then put 135 over 900 as a fraction and multiply the fraction by 100 to get 15%.
I hope this helps you;)