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2 years ago

What percentage profit is made on a sale if the selling price is $225,000 and the purchase price is $190,000?

Business

1 answer:

IgorLugansk [536]2 years ago

5 0

The percentage profit = 18%

A profit is made on sale with selling price more than the purchasing price. The purchasing price is also known as the cost price.

Given the selling price = $225000

and the purchasing price = $190000

Since the selling price is more than the purchasing price, there is obviously a profit gained.

Now profit amount = Selling price - Purchasing price

= 225000-190000 = $35000

Profit percentage = (Profit / Purchasing price) x 100%

= (35000 / 190000) x 100%

= 18.42%

Learn more about profit at brainly.com/question/19104371

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