A radio was brought for 4000 was sold for 5000 calculate the percentage profit

Question

asked Aug 22, 2023 150k views

1 Answer

Satoru Kikuchi · Answer 1 · 2023-08-29T12:51:03+0000

The Net Profit Margin is given by the next formula:

Profit=(Revenue-Cost)/Revenue

So, in the case of the radio described by the problem, we get that the profit was:

$\text{Profit}=((5000-4000))/(5000)=(1)/(5)=0.2$

And this expressed in percentage is 20%

Therefore, the percentage profit is 20%