Question

John purchased a motorcycle for 20,000 and sold it for 25,000. Did
he make a profit or loss and how much?
(2018) 1 2
(1) Profit of 2000 (2) Profit of 5000
(3) Loss of 5000 (4) Loss of 2000
EXERCISE 24.2
To be​

Answer 1

Answer:

(2) profit of 5000 is the answer

Answer 2

Answer:

profit is 5000

and the profit percentage is profit/cp×100

=5000/20000×100

the profit percentage is 25%