Q5. A car is bought for £5000 and sold for £7500. What is the percentage profit?

Question

asked Apr 17, 2021 33.6k views

1 Answer

Ereza · Answer 1 · 2021-04-22T22:09:15+0000

Answer:

50% profit

Explanation:

Cost price = £ 5000

Selling price = £ 7500

Profit = Selling price - cost price

= 7500 - 5000

= £ 2500

Profit percentage =
(2500)/(5000)*100

= 50 %