Question

Juma bought a geometry set at sh 2000 and later sold it at sh 2500. find his percentage profit​

Answer 1

given:

bought price= 2000

sold price= 2500

to find:

the percentage profit

solution:

`profit\% = 100 * ((final - initial))/(initial)`

`profit\% = 100 * ((2500 - 2000))/(2000)`

`= ((2500 - 2000))/(2000)`

`= (1)/(4)`

`= (1)/(4) * 100\%`

`profit\% = 25\%`

therefore, his percentage profit is 25.