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Emily buys a pack of 12 bottles of water - Edexcel - GCSE Maths - Question 2 - 2017 - Paper 2

Question 2

Emily buys a pack of 12 bottles of water. The pack costs £5.64. Emily sells all 12 bottles for 50p each. Work out Emily’s percentage profit. Give your answer corre... show full transcript

Worked Solution & Example Answer:Emily buys a pack of 12 bottles of water - Edexcel - GCSE Maths - Question 2 - 2017 - Paper 2

Step 1

Calculate Total Selling Price

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Answer

Emily sells each bottle for £0.50. Therefore, the total selling price for 12 bottles is calculated as follows:

ext{Total Selling Price} = 12 imes 0.50 = £6.00

Step 2

Calculate Profit

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Answer

To find the profit earned, subtract the cost price from the total selling price:

ext{Profit} = ext{Total Selling Price} - ext{Cost Price} = 6.00 - 5.64 = £0.36

Step 3

Calculate Percentage Profit

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Answer

The percentage profit is calculated using the formula:

ext{Percentage Profit} = rac{ ext{Profit}}{ ext{Cost Price}} imes 100

Substituting the values gives:

ext{Percentage Profit} = rac{0.36}{5.64} imes 100 \\ ext{Percentage Profit} \\ ext{Percentage Profit} \\ ext{Percentage Profit} = 6.38 ext{%}

Rounding this to 1 decimal place gives:

ext{Percentage Profit} = 6.4 ext{%}

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