I dont understand how i work it out, can someone explain?
Ok so first you find out how much money you made so 65-50=15
and since you began with £50 find out what percentage is 15/50
15 pounds is 15/50=0.3*100=30%
so you made a 30% profit
general formula is sold price/boughtprice *100
50 +15 is 65 so its 15 %
You paid 50 and made 15. So your question is "15 is what percent of 50?"
To do "x is what percent of y" simply divide x by y.
15/50 = 30 percent.
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Ok so first you find out how much money you made so 65-50=15
and since you began with £50 find out what percentage is 15/50
15 pounds is 15/50=0.3*100=30%
so you made a 30% profit
general formula is sold price/boughtprice *100
50 +15 is 65 so its 15 %
You paid 50 and made 15. So your question is "15 is what percent of 50?"
To do "x is what percent of y" simply divide x by y.
15/50 = 30 percent.