Multiple choice

If an item is purchased at $ $150$ and sold at $ $165$, what percent of the original cost is the profit?

  1. $110$ percent
  2. $89$ percent
  3. $100$ percent
  4. $9$ percent
  5. $10$ percent
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Profit = 165 - 150 = 15. Profit percentage = (Profit / Cost) * 100 = (15 / 150) * 100 = 10%.

AI explanation

The profit is found by subtracting the original cost from the selling price, giving 165 minus 150 to equal 15 dollars. The question asks for this profit as a percentage of the original cost, using the formula profit divided by cost price multiplied by 100. Substituting the numbers gives 15 divided by 150 multiplied by 100. This results in a profit of 10 percent.