Answer:
466.61%
Step-by-step explanation:
Given: Mia spends on ingredients= 6.62
Selling price of cupcakes= 37.51.
Now, finding the profit made by Mia by selling cupcakes.
Amount of profit= [tex]Selling\ price - cost\ price[/tex]
∴ Amount of profit= [tex]37.51 - 6.62= 30.89[/tex]
Hence, Amount of profit while selling cupcakes= 30.89
Next, finding the percentage of profit on selling cupcakes.
Profit percentage= [tex]\frac{Profit}{cost\ price} \times 100[/tex]
Profit percentage= [tex]\frac{30.89}{6.62} \times 100[/tex]
∴ Profit percentage= 466.61%
