Answer:
profit = 129.63% (to the nearest hundredth) as a percent of the price the store paid for the book
Step-by-step explanation:
Use the percentage change formula:
percent change = [ (difference between the initial value and the final value) ÷ initial value] x 100
= [ (6.20 - 2.70) ÷ 2.70 ] x 100
= [ 3.5 ÷ 2.70 ] x 100
= 37/27 x 100
= 129.6296296...
= 129.63% (to the nearest hundredth)
