kymorahladd97
kymorahladd97 kymorahladd97
  • 09-07-2020
  • Mathematics
contestada

1. Dorothy Haley bought a property for 25% less than the list price and resold it for the list price.
What is the percent of profit?

Respuesta :

martin58853 martin58853
  • 15-07-2020

Answer:

Percentage profit

= 33.33%

Step-by-step explanation:

Let the list price be called X

Dorothy Haley bought it for 25% less than the list price = x-(0.25x)

= 0.75x

But then sokd it back at the list price

=x

Profit = selling price- cost price

Percentage profit

=( profit/cost price) * 100

Profit= x-0.75x= 0.25x

Percentage profit=( 0.25x/0.75x)*100

Percentage profit = 1/3 * 100

= 33.33%

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