Practice & ContractsPregunta 108 de 120
An investor buys a property for $250,000 and sells it for $300,000. The percentage of profit based on cost is:
a.10%
b.15%
c.16.7%
d.20%
Explicación
Profit is $300,000 minus $250,000, or $50,000, and $50,000 divided by the $250,000 cost equals 0.20, or 20 percent. Profit percentage is typically figured on the original cost or basis. This measures return relative to the amount invested.
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