Question

A house is bought for $349000 in 2008 and sold for $515000 in 2022. Express the profit as a percentage

Answer 1

profit percentage = 48%

Explanation:

actual price = $349000

selling price = $515000

profit = $515000 - $349000 = $166000

profit percentage = profit / actual price * 100

= $166000 / $349000 * 100

= 47.56%

= 48%