| 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 $60 000 and is sold for $75 000. What is the
percentage profit?
Solution:
So, the percentage profit is 25%.
Key Terms
profit, selling price, cost
price, percentage profit |
