Question

Q5. A car is bought for £5000 and sold for £7500. What is the percentage profit?

Answer 1

Answer:

50% profit

Step-by-step explanation:

Cost price = £ 5000

Selling price = £ 7500

Profit  = Selling price - cost price

        = 7500 - 5000

       = £ 2500

Profit percentage = $\frac{2500}{5000}*100$

                             = 50 %