given:
bought price= 2000
sold price= 2500
to find:
the percentage profit
solution:
[tex]profit\% = 100 \times \frac{(final - initial)}{initial} [/tex]
[tex]profit\% = 100 \times \frac{(2500 - 2000)}{2000} [/tex]
[tex] = \frac{(2500 - 2000)}{2000} [/tex]
[tex] = \frac{1}{4} [/tex]
[tex] = \frac{1}{4} \times 100\%[/tex]
[tex]profit\% = 25\%[/tex]
therefore, his percentage profit is 25.
