Answer:
6.25%
Step-by-step explanation:
We first begin by solving for the original price of the cell phone.
if 2400 = 125%
x = 100%
By cross multplying, we get
125x = 2400 * 100
x = 240000/125
x = 1920rs
To find the profit percentage on the new sale price, we repeat another set of equations
100% = 1920
x = 2040
1920x = 2040 * 100
x = 204000/1920
x = 106.25%
His new profit percentage is 6.25%
