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

AI Thread 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.
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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.
 
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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.
 

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