85567
Percentage Profit and Loss
- If you buy a product, the
price you pay is the cost
price. If you sell the product,
the price you sell it for is the
selling price.
- Profit (or loss) is the difference
between the cost in price and the
selling price.
- You can write profit or loss as the percentage of the original price:
- Percentage profit = profit (or loss) / Original amount (or price) x 100%
- Percentage profit = profit (or loss) / Original amount (or price) x 100%
- Examples:
- Charlotte bought a flat for £137000.
She sold it four years later for £185000.
Calculate her percentage profit.
- Profit is
£185000-£137000=£48000
- Percentage profit is 48000/137000 x 100% = 35%
- Percentage profit is 48000/137000 x 100% = 35%
- Profit is
£185000-£137000=£48000
- Charlotte bought a flat for £137000.
She sold it four years later for £185000.
Calculate her percentage profit.
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