Question

a real estate agent sells a Property worth 160000 for 180000 what percent of profit does he make in the deal?​

Answer 1

Answer:

12.5%

Step-by-step explanation:

Profit = SP - CP

Here SP = 180000 & CP = 160000

Therefore, profit = 180000-160000=20000

Profit % = (Profit×100)/CP

= (20000×100)/160000 = 12.5%

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Answer 2

Given :-

CP = 1,60,000

SP = 1,80,000

To Find :-

The profit percentage

Solution :-

Since, SP is greater than CP

Therefore, there is a profit.

Profit = SP - CP

= 180000 - 160000

= 20,000

$Profit\: percentage\: =\: {\dfrac{Profit \times 100}{CP}}$

$=\: {\dfrac{20000 \times 100}{160000}}$

= 12.5

Therefore, profit percentage is 12.5%

Extra Information :-

1. Cost price :- It is the price at which an article is bought.
2. Selling price :- It is the price at which an article is sold.
3. Profit :- It is the total money gained by selling the article at more price than CP.
4. Loss :- It is the total money losed by selling the article at less price than CP.