Answer:
67.3%
Step-by-step explanation:
Calculate profit = selling price - cost price
cost price = 50 × $28 = $1400
38 × $49 = $1862
12 × $40 = $480
selling price = $1862 + $480 = $2342
Profit = $2342 - $1400 = $942
% profit = [tex]\frac{profit}{cost}[/tex] × 100%
= [tex]\frac{942}{1400}[/tex] × 100% ≈ 67.3% ( to 1 dec. place )
