Question

Amir bought a camera 5 year ago for RM1500. He plans to sell his camera at a price of RM1800. What percentage of the profit or loss?​

Answer 1

20%

Explanation:

Given that,

Initial price = 1500

Final price = 1800

We need to find the percentage of the profit or loss. As SP is more than Cp, he will have profit. The profit percentage is given by :

`\%=(1800-1500)/(1500)* 100\\\\=20\%`

So, the required percentage is 20%.