The percentage profit or loss can be calculated by working out the difference between the cost price and the selling price, then divide this answer by the original price (cost price) and multiply by 100.
So in example 1, you need to work out the percentage profit of the sale of a book. The cost price was £7 and the selling price was £9. First work out the difference between the cost price and the selling price which is £2.
So:
2/7 x 100 = 28.6% profit.
Also see: Help With Percentages
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