A merchant buys an old carpet for $25.00. He spends $15.00 to have it restored to good condition and then sells the rug for $50.00. What is the percent proﬁt on his total investment?
25% 2 cezzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
$25-how much it cost +$15- restored Total of $35 spend $50 earned - 35 what he spend Total of 15$ To get the percent u divide 35 by 50=0.7 x100 The profit is 70%