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7 October, 03:45

A businessman bought a fairly used radio set for 950 dollars and spent 250 dollars for repairing it before selling it for 1500 dollars. what is the percentage profit?

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Answers (2)
  1. 7 October, 06:27
    0
    I believe it's a 25% profit.

    950+250 = 1200

    1500-1200 = 300

    300/1200 = 0.25

    0.25 x 100 = 25%
  2. 7 October, 06:46
    0
    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%
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