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Miguel paid $125 for a stamp collection. He made $25 profit on the stamp collection when he sold it. What was his profit as a percentage of the cost price?.

Respuesta :

Using percentages we know that 20% is Miguel's profit as a percentage of the cost price.

What is the percentage?

  • A % is a quantity or ratio that, in mathematics, represents a portion of one hundred. It's frequently represented by the sign "%" or just "percent" or "pct."
  • For instance, the decimal 0.35, or the fraction, represents 35%.
  • We must divide the value by the entire value to find the percentage, and then multiply the resulting number by 100.

So, the profit is $25.

We know that Miguel paid $125 for stamp collection.

Now, the profit Miguel made from the cost price:

25/125 × 100

0.2 × 100

20%

Therefore, using percentages we know that 20% is Miguel's profit as a percentage of the cost price.

Know more about the percentage here:

https://brainly.com/question/9553743

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