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A man bought a car for ¢5.5 million and sold it for ¢6.5 million. Find the percentage gain.​
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A man bought a car for ¢5.5 million and sold it for ¢6.5 million. Find the percentage gain.​

User Zengsn
by
6.2k points

1 Answer

6 votes

Answer:

Around 18% increase

Explanation:

Formula for percentage gain: final value-original value/original value

PG= 6,500,000-5,500,000/5,500,000

PG= 1,000,000/5,500,000

PG= 0.18181818

around 18%

User Benjamin Soulier
by
6.2k points
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