Jai bought a helmet and a pair of skates. The helmet cost £45.
He sold both items for £224.
Jai made a 120% profit on the cost of the helmet and a 40% profit on the total cost.
What was the percentage profit on the skates?
Give your answer to 1 decimal place.

Profit % on skates = 8.7 %

Step-by-step explanation:

Step 1 : Find cost price of skates

Cost price of helmet = £45

Let cost price of skate be = x

Selling price = £224

Cost price = (x + 45)

Total profit % = 40%

Total cost price = 45 + 115 = £160

Step 2 : Selling price of Helmet

Cost price of Helmet = £45

Let selling price of helmet be = y

Profit % of helmet = 120 %

Step 3 : Selling price of skates

Total selling = selling price of helmet + selling price of skates

224 = 99 + selling price of skates

224 - 99 = selling price of skates

125 = selling price of skates

Step 4 : Profit percentage on skates

Cost price of skate = £ 115

Selling price of skate = £ 125

according to this law, when unemployment goes up by 1%, gdp drops by 2%. in the question, unemployment rate goes from 2% to 5%, meaning unemployment goes up by 3%, so the gdp drops by 6%. thus the effect is a drop in gdp by 6%.

step-by-step explanation:

step-by-step explanation: