Answer:
profit as a percentage= 21.74%
Step-by-step explanation:
Giving the following information:
Purchase price= $180,000
Selling price= $230,000
<u>To calculate the profit as a percentage, we need to use the following formula:</u>
profit as a percentage= (profit/selling price)*100
profit as a percentage= 50,000/230,000*100
profit as a percentage= 21.74%
There was less than a foot of snow before 7pm
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