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2 votes
Ahmed buys a house for £179 500

a year later he sells the house for £190 270
calculate the percentage profit ahmed makes

2 Answers

1 vote

Answer:

6% profit

Explanation:

User ShayD
by
8.4k points
3 votes

Answer:

Ahmed's profit is the difference between the selling price and the buying price:

Profit = Selling Price - Buying Price

Profit = £190,270 - £179,500

Profit = £10,770

To calculate the percentage profit, we need to divide Ahmed's profit by his buying price, and then multiply by 100 to convert the fraction to a percentage:

Percentage Profit = (Profit/Buying Price) x 100%

Percentage Profit = (£10,770/£179,500) x 100%

Percentage Profit = 0.06 x 100%

Percentage Profit = 6%

Therefore, Ahmed makes a 6% profit on the sale of the house.

User Blankface
by
8.1k points