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A man bought a radio for 1000 naira and sold it for 1200 naira. what is the profit percentage​

A man bought a radio for 1000 naira and sold it for 1200 naira. what is the profit percentage​
asked 224k views
3 votes
A man bought a radio for 1000 naira and sold it for 1200 naira. what is the profit percentage​

asked
User Pedro Mutter
by
8.2k points

2 Answers

2 votes
Percentage profit = selling price- cost price/ cost price * 100
Simply; sc—cp/cp * 100
:.1200-1000/1000= 200/1000*100
=20%
answered
User Erik Henriksson
by
8.6k points
3 votes

Answer:

20%

Explanation:

1200 is 120% of 1000, therefor the profit percentage is 20.

answered
User Ilansas
by
8.5k points
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