66.9k views
1 vote
Profit or Loss: A property was purchased for $140,000 and later sold for $156,500. Which represents the profit percentage earned in this transaction? A. 5% B. 8% C. 10% D. 12%

User Arinte
by
7.9k points

1 Answer

4 votes

Answer:

Profit %: [(156500-140000)/140000]*100=11.785714222≈12%

Explanation:

User KangarooChris
by
8.0k points