A businessman bought a fairly used radio set for 950 dollars and spent 250 dollars for repairing it before selling it for 1500 d ollars. what is the percentage profit?
2 answers:
Answer:
I want to say 20% I could be wrong
Step-by-step explanation:
$950 + $250 = 1,200
1,200 ÷ 1500 = 0.8
0.800 > 80.0
80%
100% - 80% = 20%
Net Profit Margin = 20%
Net Profit =$300
Profit Percentage = 25%
I believe it's a 25% profit.
950+250= 1200
1500-1200= 300
300/1200= 0.25
0.25 x 100= 25%
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