Register

Profit or Loss: A property was purchased for $140,000 and later sold for $156,500. Which represents the profit percentage earned in this transaction? A. 5% B. 8% C. 10% D. 12%

Profit or Loss: A property was purchased for $140,000 and later sold for $156,500. Which represents the profit percentage earned in this transaction? A. 5% B. 8% C. 10% D. 12%
asked 66.9k views
1 vote
Profit or Loss: A property was purchased for $140,000 and later sold for $156,500. Which represents the profit percentage earned in this transaction? A. 5% B. 8% C. 10% D. 12%

asked
User Arinte
by
7.9k points

1 Answer

4 votes

Answer:

Profit %: [(156500-140000)/140000]*100=11.785714222≈12%

Explanation:

answered
User KangarooChris
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!