Question

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

Answer 1

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%