Answer:
25 %
Step-by-step explanation:
Cost price = 60 Ghana cedis for 50 metres
Selling price = 1.50 cedis for 1 meter
x cedis for 50 meters
Cross multiply
Selling price = 75 cedis
Profit = Selling price - Cost price
75 - 60
Profit = 15
Profit % =
[tex] \frac{profit}{cost \: price} \times \frac{100}{1} \\ \frac{15}{60} \times \frac{100}{1} \\ \\ [/tex]
Profit % = 25 %
