Question

Emma buys a house for £300,000. She sells the house for £315,000. Calculate the percentage profit Emma makes

Answer 1

5%

Explanation:

300000 = 100%

1% = 300000 ÷ 100 = 3000

She made 15000
15000 ÷ 3000 = 5%

Answer 2

She buys it for £300,000 and sell it for £315,000 -> she profits £15,000.

So, the percentage profit Emma makes is : 15,000 : 300,000 = 0.05 -> 5%.