Question

Daudi buys a flat for $70 000 and sells it for $85 000. Aminata buys a house for $192 000 and sells it foz $230 000. Who makes the larger percentage profit and by how much?​

Answer 1

Daudi buys a flat for 70,000 , this is the cost

sells for 85,000, this is the sales price

profit= Sales-Cost

profit= 85,000-70,000

= 15,000

Percentage profit = 15,000/70,000 × 100

= 21.43%

Aminata buys a house for 192,000

sells for 230,000

profit= Sales-Cost

Profit = 230,000- 192,000

= 38,000

percentage profit= 38,000/ 192,000 × 100

= 19.79%

Daudi makes the larger percentage profit by 1.64%