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A house is bought for $75000 and then resold for $87000. Calculate the percentage profit
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A house is bought for $75000 and then resold for $87000. Calculate the percentage profit

User TPM
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The cost price of the house = $75000

The selling price of the house = $87000

Profit = selling price - cost price

=> Profit made = $87000-$75000

=> Profit made = $12000

Profit Percentage is given by the formula , Profit % =
(profit X 100)/(cost price)

=> Profit % =
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User Nick Skywalker
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