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A merchant buys an old carpet for $25.00. He spends $15.00 to have it restored to good condition and then sells the rug for $50.00. What is the percent profit on his total invest…

A merchant buys an old carpet for $25.00. He spends $15.00 to have it restored to good condition and then sells the rug for $50.00. What is the percent profit on his total invest…
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A merchant buys an old carpet for $25.00. He spends $15.00 to have it restored to good condition and then sells the rug for $50.00. What is the percent profit on his total investment?

User Stepan Yakovenko
by
8.2k points

1 Answer

2 votes
He get 125% more than he spent for it. So he got 25% more.
User Itay Tur
by
8.3k points
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