SOLUTION: Scott imports a car from Japan for $18 800 and then sells it for $39 480. How much percentage gain has he made on his investment?

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Question 1175664: Scott imports a car from Japan for $18 800 and then sells it for $39 480. How much percentage gain has he made on his investment?
Found 2 solutions by ikleyn, Edwin McCravy:
Answer by ikleyn(52926) About Me  (Show Source):
You can put this solution on YOUR website!
.

    %28%2839480-18800%29%2F18800%29%2A100 = 110%.      ANSWER


Take the difference; relate it to the base value and multiply the ratio by 100 to get percentage.

Solved.


M E M O R I Z E   this calculation mantra for percentage gain on an investment.



Answer by Edwin McCravy(20066) About Me  (Show Source):
You can put this solution on YOUR website!
Maybe you can memorize it this way:

%22%22%2A%22%22%22100%25%22

where %28matrix%283%2C1%2C%22%22%2CDOLLAR%2CGAIN%29%29%22%22=%22%22%28matrix%283%2C1%2CNEW%2CDOLLAR%2CAMOUNT%29%29%22%22-%22%22%28matrix%283%2C1%2COLD%2CDOLLAR%2CAMOUNT%29%29

Edwin