Question

A businessman bought a fairly used radio set for 950 dollars and spent 250 dollars for repairing it before selling it for 1500 dollars. what is the percentage profit?​

Answer 1

I want to say 20% I could be wrong

Explanation:

$950 + $250 = 1,200

1,200 ÷ 1500 = 0.8

0.800 > 80.0

80%

100% - 80% = 20%

Net Profit Margin = 20%

Net Profit =$300

Profit Percentage = 25%

Answer 2

I believe it's a 25% profit.

950+250= 1200

1500-1200= 300

300/1200= 0.25

0.25 x 100= 25%