Question

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

Answer 1

50% profit

Explanation:

Cost price = £ 5000

Selling price = £ 7500

Profit = Selling price - cost price

= 7500 - 5000

= £ 2500

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

= 50 %