Questions: Assume a shoes costs 40 sells for 60. Find Selling price as a percent of cost 50% 150% 20% 120%

Solution Steps

To find the selling price as a percent of the cost, we need to divide the selling price by the cost price and then multiply the result by 100 to convert it into a percentage.

To find the selling price as a percent of the cost, we use the formula:

\[ \text{Selling Price Percent} = \left( \frac{\text{Selling Price}}{\text{Cost Price}} \right) \times 100 \]

Substituting the given values:

\[ \text{Selling Price Percent} = \left( \frac{60}{40} \right) \times 100 \]

Calculating the fraction:

\[ \frac{60}{40} = 1.5 \]

Now, multiplying by 100:

\[ \text{Selling Price Percent} = 1.5 \times 100 = 150 \]

Final Answer