Mia buys 50 coats at $28 each she sells 38 of these coats at$49 each she sells the rest of the coats at$40 each find the overall percentage profit mia has made on these coats

67.28 %

Step-by-step explanation:

Given that:

Price at which the coats are bought = $28

Number of coats bought = 50

Total money spent on buying the coats = 50 28 = $1400

Number of coats sold at $49 each = 38

Money earned by selling 38 coats at $49 each = $1862

Number of coats left = 50 - 38 = 12

Money earned by selling 12 coats at $40 each = $480

Total money earned = $1862 + $480 = $2342

To find:

The overall profit percentage made by Mia ?

Solution:

Formula for Profit percentage:

Therefore, overall percentage profit made by Mia by selling the coats= 67.28 %

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