Question

A man bought a house for 3600 Naira he repairs the house with 150 Naira if he sold the house for 4950 Naira . Find his percentage profit

Answer 1

Explanation:

profit%=

`(selling \: price - cost \: price)/(cost \: price) * 100\%`

`(4950 \: naira - 3600 \: naira + 150 \: naira)/(3750 \: naira) * 100\%`

`(4950 - 3750)/(3750) * 100\%`

`(1200)/(3750) * 100\%`

=36%