Molly bought a pair of gloves and a skirt. The gloves cost £4. She sold the gloves and the skirt for a total of £48. She made 100% profit on the cost of the gloves. 20% profit on the total cost. Work out the percentage profit on the cost of the skirt.
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Step 1
Molly made a 100% profit on the gloves, which cost £4. Therefore, the selling price of the gloves is: \[ \text{Selling price of gloves} = \text{Cost of gloves} + \text{Profit} = 4 + 4 = 8 \, \text{pounds} \] Show more…
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