Question

Emma buys a house for £201 500 She sells the house for £213 590 Calculate the percentage profit Emma makes

Answer 1

The percentage profit Emma makes. if, Emma buys a house for £201 500, and She sells the house for £213 590 is 6%.

What is percentage?

As it is clear from the term per cent means measuring anything per hundred. For example, you get marks per 100 marks, so you get the percentage.

Given:

Emma buys a house for £201 500,

She sells the house for £213 590,

Calculate the profit as shown below,

Profit = Selling price of the house - Cost of house

Profit = 213 590 - 201 500

Profit = £12090

Calculate the percentage profit as shown below,

The percentage profit = Profit / Cost of house × 100

The percentage profit = 12090 / 201500 × 100

The percentage profit = 0.06 × 100

The percentage profit = 6%

Answer 2

To calculate the percentage profit Emma makes, we can use the following formula:

Percentage Profit = ((Selling Price - Buying Price) / Buying Price) * 100

First, we need to find the difference between the selling price and the buying price:

Selling Price - Buying Price = £213,590 - £201,500 = £12,090

Next, we can calculate the percentage profit:

Percentage Profit = ((£12,090 / £201,500) * 100 = 6%

Therefore, Emma makes a 6% profit on the sale of the house.