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

Order a 12-month Year 7 Interactive Maths software Homework Licence for only $19.95. Order a 12-month Year 8 Interactive Maths software Homework Licence for only $19.95. Order a 12-month Year 9 Interactive Maths software Homework Licence for only $19.95. Order a 12-month Year 10 Interactive Maths software Homework Licence for only $19.95.

Year 8 Interactive Maths - Second Edition


Profit

Profit occurs when an item is sold for more than it cost.

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


Example 12

A house was bought for $75 000 and is sold for $90 000.  What is the percentage profit?

Solution:

So, the percentage profit is 20%.


Key Terms

profit, selling price, cost price, percentage profit

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