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G S Rehill's Interactive Maths Software Series - "Building a Strong Foundation in Mathematics" from mathsteacher.com.au.

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Year 10 Interactive Maths - Second Edition


Profit

If an article is sold for more than it cost, then it is said to have been sold at a 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

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