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?

Question

Mathematics

Wade Lowery

14 August, 18:11

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)

Know the Answer?

Donte · Answer 1

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%

Nathen · Answer 2

I believe it's a 25% profit.

950+250 = 1200

1500-1200 = 300

300/1200 = 0.25

0.25 x 100 = 25%