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27 March, 02:42

A manufacturer spends $12000 in parts to build a car, they then go and sell that car for $25000. What percentage of profit did they make?

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Answers (2)
  1. 27 March, 02:59
    0
    52%

    Step-by-step explanation:

    Step one

    In this problem we we have to calculate the profit made after spending a certain amount on the car

    Step two

    Given that he spent $12000 for parts

    And he sold the car for $25000

    The profit made is

    =Cost of car - cost of repair

    = 25,000-12,000

    =$13,000

    The profit made is $13,000

    Step three

    Using the cost of the car and the profit realized we can calculate the percentage of the profit made

    = (13,000/25,000) * 100

    = 0.52*100

    =52%
  2. 27 March, 03:00
    0
    108.3%

    Step-by-step explanation:

    The manufacturer spends $12,000 in buying the car parts and sells the car for $25,000

    Selling price = $25,000

    Cost price=$12,000

    Gain = selling price-cost price

    = 25000-12000

    = $13000

    The percentage profit can be calculated by applying the formular below

    Profit = Gain/cost price*100/1

    =13000/12000*100/1

    =1.083*100

    = 108.3%

    Hence the percentage profit is 108.3%
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