Nick collects trading cards. he paid $.50 each for 25 cards and then sold them to his friends for 25% more than he paid. what percent profit did he make on this sale

Nick made Profit of $3.125 with 25% profit on selling the trading cards.

Step-by-step explanation:

Given:

Amount paid for each card = $.50

Number of cards collected = 25

So Total Amount paid on cards is equal Amount paid for each card multiplied by  Number of cards collected and then divided by 100

framing in equation form we get.

Total Amount paid on cards =

Now Given:

He sold them to his friends for 25% more than he paid.

So Total selling price of the card can be calculated by adding Total Amount paid on cards and multiplying 25 with total amount paid on cards and then divided by 100

framing in equation form we get;

Total selling price of the card =

Profit made = Total selling price of the card - Total Amount paid on cards

Profit made = $15.625 - $12.5 = $3.125

Percentile profit =

Hence Nick made Profit of $3.125 with 25% profit on selling the trading cards.

what statement? is there an image?