Mo spends £15 on ingredients to make 40 cookies. He sells all 40 cookies for 50p each.
Work out Mo's percentage profit.

To solve the problem we will firstly calculate the profit of Mo.

Mo's percentage profit is 33.34%.

Given to us

Cost of making 40 cookies = £15

Total earning through cookies

                                              = Number of cookies x Cost of each cookie

                                              = 40 x 0.50

                                              = £20

Total profit from cookies

= Total earning through cookies - Cost of making 40 cookies

= £20 - £15

= £5

Hence, Mo's percentage profit is 33.34%.

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Given :

Mo spends £15 on ingredients to make 40 cookies.

He sells all 40 cookies for 50p each.

To Find :

The Mo's percentage profit.

Solution :

We know, 1 £ = 66.09 p.

So, total income is :

T = 40 × 50 p

T = 2000 p

T = £2000/66.09  

T = £30.26

So, total profit is, P = £( 30.26 - 15 ) = £15.26 .

Hence, this is the required solution.

1/3 + 1/5 = 8/15.

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