After a busy summer a garden centre has bought some last-minute stock.
They buy 10 trees from a grower for £30 each.
The garden centre sells the trees for £42 each.
One of the trees gets damaged and cannot be sold.
The other 9 trees are sold.
Calculate the overall percentage profit or loss the garden centre makes from selling these trees.
Answer:
The total cost of buying 10 trees is £300
The revenue made for selling one tree is £42
The revenue made for selling nine trees is £378
Therefore, the total profits are £78
The percentage profit is 78/300 x 100 = 26% profit