Multiple choice

John bought a table for \$ 32 and sold it for \$ 36. What is the profit percentage?

  1. 12%

  2. 12.5%

  3. 13%

  4. 13.5%

  5. 14%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit is calculated as (Selling Price - Cost Price) / Cost Price * 100. Here, (36 - 32) / 32 = 4 / 32 = 1/8, which is 12.5%.

AI explanation

The profit is calculated as 36 minus 32, which equals 4. Using the profit percentage formula, (Profit / Cost Price) * 100, we get (4 / 32) * 100. This simplifies to 12.5, so the profit percentage is 12.5%.

Keep practicing — related questions