What is the Percentage Profit on a House Bought for $500 and Sold for $700?

Click For Summary
The house purchased for $500 and sold for $700 yields a profit of $200. The calculation for percentage profit is correct at 40%, derived from the formula (200/500)*100%. The discussion clarifies that the term "profit" is the appropriate terminology, distinguishing it from "prophet," which is unrelated to the topic. Overall, the calculations and terminology have been confirmed as accurate.
Rubies
Messages
13
Reaction score
0
Homework Statement
What is the profit?
Relevant Equations
What is the profit?
The house was bought for $500 and sold for $700(700-500=200)
200/500*100%=40%,is the solution right verify please.
Thanks,help if incorrect.
 
Physics news on Phys.org
The right word is "profit". Prophet is something religious and this we don't discuss on this forum ;).

You can just say the profit is 200$. The question doesn't ask for a percentage. But the percentage is correct if you want it as a percentage.
 
Sorry it's profit
 
Math_QED said:
The right word is "profit".
Fixed now.
 

Thread 'Find the polar form of a complex number'

The working out suggests first equating ## \sqrt{i} = x + iy ## and suggests that squaring and equating real and imaginary parts of both sides results in ## \sqrt{i} = \pm (1+i)/ \sqrt{2} ## Squaring both sides results in: $$ i = (x + iy)^2 $$ $$ i = x^2 + 2ixy -y^2 $$ equating real parts gives $$ x^2 - y^2 = 0 $$ $$ (x+y)(x-y) = 0 $$ $$ x = \pm y $$ equating imaginary parts gives: $$ i = 2ixy $$ $$ 2xy = 1 $$ I'm not really sure how to proceed from here.
View full post »

Similar threads

How Can a Company Optimize Shipping Costs While Meeting Warehouse Demands?
Replies
7
Views
3K
Minimum Score on 4th Test for 80 Average in Linear Algebra Course
Replies
5
Views
3K
What is the Impact of a Local Tourism Tax on Customer Satisfaction?
Replies
12
Views
3K
Buying & Selling: Calculate Discount & Profit %
Replies
1
Views
1K
MHB What Is the Profit Percentage After Adjusting Travel Costs and Sale Gains?
Replies
1
Views
2K
What is the ratio after 1 month given certain conditions?
Replies
3
Views
2K
Function with calculates the profit in terms of qty sold
Replies
3
Views
2K
MHB Which Catering Service Maximizes Charity Profit for a Business Banquet?
Replies
2
Views
6K
What Is the Velocity of a Galloping Horse in the First Ten Seconds?
Replies
3
Views
20K
MHB with Simple Interest Problems
Replies
2
Views
7K