Question

A businessman bought a fairly used radio set for 950$ and spent 250$ for repairing it before selling it for 1500$. calculate the percentage profit​

Answer 1

25 %

Step-by-step explanation:

Buying price for the radio $950

cost of repairs $ 250

Total cost associated with the radio

= $950 + $250

=$1200

profit from the radio = Selling price - cost price

=$1500- $1200

=$300

percentage profit =profits/cost x 100

=300/1200 x 100

=0.25 x 100

=25 per cent