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Elza [17]
3 years ago
15

A property was purchased two years ago for $300,000; the investor just sold the property for $379,000. What was the percentage o

f profit in relation to the cost?
Business
1 answer:
ikadub [295]3 years ago
3 0

Answer:

percentage of profit is 26.3%

Explanation:

given data

purchase property cost = $300,000

time = 2 year ago

sold  property = $379,000

solution

we get here percentage of profit in relation to the cost

first we get here percentage value increase  that is

percentage value increase = \frac{379000}{300000}

percentage value increase = 1.263

percentage value increase = 126.3%

so here 1 in 1.263 represent you the original cost

so profit % = 1 - 1.263

profit % = 26.3%

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