Kate bought a house for 198,000 and then sold it for 230,000 one year later. What is the profit as a percentage?

Mathematics

1 answer:

Step2247 [10]3 years ago

8 0

Answer:

profit as a percentage= 21.74%

Step-by-step explanation:

Giving the following information:

Purchase price= $180,000

Selling price= $230,000

To calculate the profit as a percentage, we need to use the following formula:

profit as a percentage= (profit/selling price)*100

profit as a percentage= 50,000/230,000*100

profit as a percentage= 21.74%

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