Peters Wilson
06/08/2023 · Senior High School
iii. What percentage (to the nearest \( 1 \% \) ) profit or loss did it make compared with the actual costs incurred?
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To calculate the percentage profit or loss, use the formula: \(\left( \frac{\text{Selling Price} - \text{Cost Price}}{\text{Cost Price}} \right) \times 100\). If Selling Price is greater, it's profit; if less, it's loss. Round to nearest 1%.
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