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A property was purchased two years ago for $300,000; the investor just sold the property for $379,000. What was the percentage of profit in relation to the cost?

Respuesta :

Answer:

percentage of profit is 26.3%

Explanation:

given data

purchase property cost = $300,000

time = 2 year ago

sold  property = $379,000

solution

we get here percentage of profit in relation to the cost

first we get here percentage value increase  that is

percentage value increase = [tex]\frac{379000}{300000}[/tex]

percentage value increase = 1.263

percentage value increase = 126.3%

so here 1 in 1.263 represent you the original cost

so profit % = 1 - 1.263

profit % = 26.3%

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