Molly bought a pair of gloves and a skirt. the gloves cost £4. she sold teh gloves and the skirt for a total of £48. she made 100% profit on the cost of the gloves. 20% profit on the total cost. work out the percentage profit on the cost of the skirt

The percentage profit on the cost of the skirt is 16.3%.

First step is to calculate the profit made on gloves

Gloves profit=$4+(100%×$4)

Gloves profit=$4+$4

Gloves profit=$8

Second step is to calculate the selling price of skirt

Selling price of skirt=Total selling price - Selling price of gloves

Selling price of skirt=$48-$8

Selling price of skirt=$40

Third step is to calculate the Total profit

Total profit=20%×$40

Total profit=$9.60

Fourth step is to calculate the profit from skirt

Profit from skirt=$9.60-$4

Profit from skirt=$5.60

Fifth step is to calculate the cost price of skirt

Cost price of skirt=$40-$5.60

Cost price of skirt=$34.40

Sixth step is to calculate the profit percentage using this formula

Profit percentage=Profit from skirt/Cost price of skirt

Let plug in the formula

Profit percentage=$5.60/$34.40×100

Profit percentage=16.27%

Profit percentage=16.3%(Approximately)

Inconclusion the percentage profit on the cost of the skirt is 16.3%.

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