Answer: The Profit earned in Percent is 64%
Step-by-step explanation:
If you buy a house for $110,000 and sell it for $180,000, you earn extra $70,000. Profit is the amount of extra money you earned. (Example) You buy a toy for $6 dollars and sell it for $10, you earn $4 in profit (extra money). To find the percent of profit, you have to make a fraction out of the whole. The whole is the money you bought is for. So we would have a fraction, in other words we divide. So we bought for 110,000 and profit is 70,000. What part is 70,000 out of 110,000? To find, we simply divide.
70,000/110,000 = 0.63636363636
0.63636363636 as a percent to the nearest hundredths is 64%
If you don't need to round of then the whole percent of profit is 63.636363636%
