SOLUTION: A car dealer buys a car for N$ 50 000, and then sells it for N$ 72 000. Calculate the percentage profit the dealer made

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A car dealer buys a car for N$ 50 000, and then sells it for N$ 72 000. Calculate the percentage profit the dealer made      Log On


   

Question 945393: A car dealer buys a car for N$ 50 000, and then sells it for N$ 72 000. Calculate the
percentage profit the dealer made
Found 2 solutions by vleith, macston:
Answer by vleith(2983) About Me  (Show Source):
You can put this solution on YOUR website!
The dealer bought the car for 50000 and sold it for 72000.
The profit the dealer made is 72000+-+50000 = 22000
What percentage of 50000 is 22000?
22000%2F55000%29+%2A+100 = %282%2F5%29%2A+1000 = 40%.
Quite a tidy profit!

Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
The dealer made N$ 72000- N$ 50000 = N$ 22000 Profit
($N 22000/$N 50000)(100%)=44% ANSWER The dealer made 44% profit on the vehicle.