Question

A man bought a radio for 1000 naira and sold it for 1200 naira. what is the profit percentage​

Answer 1

Percentage profit = selling price- cost price/ cost price * 100
Simply; sc—cp/cp * 100
:.1200-1000/1000= 200/1000*100
=20%

Answer 2

20%

Explanation:

1200 is 120% of 1000, therefor the profit percentage is 20.