Mathematics for IGCSE & O level - Percentages (Section 5 - No. 40)
A1 Electrics buys washing machines for $255 and sells them for $310. Bob's Budget Bargains buys washing machines for $270 and sells them for $330. Which company makes the greater percentage profit and by how much?
A1 Electrics by 21.6%
Bob's Budget Bargains by 22.2%
A1 Electrics by 20.0%
Bob's Budget Bargains by 18.5%
Explanation
A1 Electrics: Profit = $310 - $255 = $55. Percentage profit = ($55/$255) * 100 = 21.6%. Bob's: Profit = $330 - $270 = $60. Percentage profit = ($60/$270) * 100 = 22.2%. The question doesn't provide exact amounts.
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