plz help me out for solving this % sum

respected sir,

plz help me out for solving this % sum...

1]A retailer shop's gross profit on a camera was 10% of the cost of the camera.if the store increase the selling price of the camera from $440 to $ 460 & the cost of the camera remained the same,then the shop's gross profit on the camera after the price increase was what % of the cost of the camera ?

plz explain me how to solve this problem...

waiting for yur reply.

regards

Binita.

plz help me out for solving this % sum...

1]A retailer shop's gross profit on a camera was 10% of the cost of the camera.if the store increase the selling price of the camera from $440 to $ 460 & the cost of the camera remained the same,then the shop's gross profit on the camera after the price increase was what % of the cost of the camera ?

plz explain me how to solve this problem...

waiting for yur reply.

regards

Binita.

This question still have no answer summary yet.

A retailer shop's gross profit on a camera was 10% of the cost of the camera.if the store increase the selling price of the camera from $440 to $ 460 &the cost of the camera remained the same,then the shop's gross profit on the camera after the price increase was what % of the cost of the camera ?
------------------------
Let original price of the camera be "x" dollars
Profit is 0.10x
Selling price is $440
Equation:
1.1x = 440
x = $400 (original cost of the camera)
------------------
If the selling price is raised to $460 the profit is $60.
The percent profit is 60/400 = 0.15 = 15%
================================================
Cheers,
Stan H.

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