T3W4 Exit Ticket

What is the equation for profit?

• Profit = Selling price - cost price

• Profit = Cost price - selling price

What is the percentage profit for an item that was bought for $45 and sold for $75?

What is the percentage profit for an item that was bought for $30 and sold for $33.50?

What is the percentage loss for an item that was bought for $400 and sold for $250?

What is the percentage loss for an item that was bought for $43 and sold for $26?

Find the price of an $25 item with a 12% increase.

Find the price of an $50 item with a 25.5% increase.

Miss de Villiers bought a concert ticket for $120 and made a 32% profit. For how much did she sell the concert ticket?

Miss de Villiers sold a dress for $50, making a profit of 25%. What was the cost price of the dress?

A fixed expense is a _________ expense.