Question

Simone buys a painting for 24000 later she sells it for 60000 how much is her percentage profit

Answer 1

percentage profit = 150%

Explanation:

percentage profit = sp - cp/cp * 100

sp is the selling price = 60000

cp is the cost price = 24000

percentage profit = 60000-24000/24000 * 100

percentage profit = 36000/24000 * 100

percentage profit = 36000/240

percentage profit = 150%