Year 10 Interactive Maths - Second Edition

Profit

Profit is often expressed as a percentage of the cost price. This is called the percentage profit.

Example 14

A house was bought for $150 000 and is sold for $180 000. What is the percentage profit?

Solution:

Key Terms

profit, selling price, cost price, percentage profit

Study Another Topic in Chapter 7: Consumer Arithmetic

[ Percentages ] [ Changing a Percentage to a Decimal ] [ Changing a Decimal or Fraction to a Percentage ] [ Finding a Percentage of a Quantity ] [ Expressing a Quantity as a Percentage of Another Quantity ] [ Percentage Decrease ] [ Percentage Increase ] [ Loss ] [ Profit ] [ Simple Interest ] [ Calculating the Principal ] [ Calculating the Interest Rate ] [ Calculating the Time ] [ Loans ] [ Discount ] [ Commission ] [ Compound Interest ] [ Problem Solving Unit ] [ Symbols ] [ Index ]