Answer:
30%
Step-by-step explanation:
Profit(Gain)% = [tex]\frac{Selling price - Cost price}{Cost price} * 100%[/tex]
Selling price = N6.50
Cost price = N5
∴ Profit% = [tex]\frac{N6.50 - N5 }{N5} * \frac{100}{1}[/tex]
= [tex]\frac{1.5}{5} * \frac{100}{1}[/tex]
= (1.5 * 20)%
= 30%
Hope this helps!!!
