At an antique store, an arcade game machine was said to be worth $15000 even though its original price was only $200. As a percentage of the original price, what would be the profit if the arcade machine was sold for $15000?
Answers
Given :- At an antique store, an arcade game machine was said to be worth $15000 even though its original price was only $200. As a percentage of the original price, what would be the profit if the arcade machine was sold for $15000 ?
Answer :-
→ Original price of game machine = $200 = CP
→ SP of game machine = $15000 .
so,
→ Profit = SP - CP
→ Profit = 15000 - 200
→ Profit = $14800 .
then,
→ Profit % = Profit * 100 / CP
→ Profit % = (14800 * 100) / 200
→ Profit % = 7400% (Ans.)
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