Profit Percentage Calculation

To calculate the profit made on a chocolate bar as a percentage of the production cost, we need to follow these steps:

Step 1: Calculate the profit per bar
The profit per bar can be found by subtracting the production cost from the selling price.
Profit per bar = Selling price - Production cost
Profit per bar = $1.50 - $0.60
Profit per bar = $0.90

Step 2: Calculate the profit percentage
The profit percentage can be calculated by dividing the profit per bar by the production cost and then multiplying by 100.
Profit percentage = (Profit per bar / Production cost) * 100
Profit percentage = ($0.90 / $0.60) * 100
Profit percentage = 1.5 * 100
Profit percentage = 150%

Explanation:
The profit made on a chocolate bar is calculated by subtracting the production cost from the selling price. In this case, the selling price is $1.50 and the production cost is $0.60. Therefore, the profit per bar is $0.90.

To calculate the profit percentage, we divide the profit per bar by the production cost and then multiply by 100 to get the percentage. In this case, the profit per bar is $0.90 and the production cost is $0.60. So, the profit percentage is calculated as follows:

Profit percentage = ($0.90 / $0.60) * 100
Profit percentage = 1.5 * 100
Profit percentage = 150%

Therefore, the profit made on a bar of chocolate is 150% of the production cost. This means that for every $0.60 spent on producing a chocolate bar, there is a profit of $0.90, which is 150% of the production cost.