Question

If a pizza costs £2.85 to produce and is sold to the guest for £9.95, what percentage gross profit is made from this dish?

Answer 1

Task. If a pizza costs 2.85 to produce and is sold to the guest for 9.95, what percentage gross profit is made from this dish?

Solution. If $X_{0}=2.85$ if the pizza cost, and $X_{1}=9.95$ is its price, then the percentage gross profit made from this dish is equal to

$p=\frac{X_{1}}{X_{0}}*100\%.$

Substituting values we get:

$p=\frac{X_{1}}{X_{0}}*100\%={\frac{9.95}{2.85}}*100\%\approx 3.4912*100\%=348.12\%.$

Answer. 348.12%.