Answer:
24.58%
Step-by-step explanation:
Given that,
Initial cost = $240
Final cost = $299
We need to find the percentage in his profit of the cost price.
Profit = Final cost - Initial cost
= $299 - $240
= $59
Percentage,
[tex]\%=\dfrac{59}{240}\times100\\\\=24.58\%[/tex]
So, the required percentage is equal to 24.58%.
