The cost price of a plot of land was $20,000. The plot of land was sold for $24,000. Calculate the profit as a percentage of the cost price.

Ryan Castner asked Dec 26, 2022

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Ryan Castner asked Dec 26, 2022

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21 votes

Answer: 20%

Explanation:

Profit of $4,000 is divided by the cost price of $20,000:

$4,000/$20,000 = 0.2 or 20%

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