Question

Mo buys a house for £120 000

He sells the house for £150 000
Work out the percentage profit that Mo makes.

Answer 1

25%

Explanation:

The profit = 150 000 - 120 000 = 30 000

………………………………………………………

The profit percentage is :

`=(30000)/(120000) * 100=0.25 * 100 = 25 \%`