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A car costing $4000 is sold for $500. What is the profit as a percentage of cost?

Guest Jul 20, 2013

CrazyBoy494 · Answer 1 · 2013-07-20T06:50:38

[input]500*100/4000[/input]
500 is 12.5% of 4000

[input]100-12.5[/input]
This is the profit as a percentage of cost.

Hope it helped

Guest · Answer 2 · 2013-07-21T10:30:20

Isn't that a loss?

CrazyBoy494 · Answer 3 · 2013-07-22T08:25:56

Nope, 87.5% is what you save aka profit. 12.5% could be the spent money.

Guest · Answer 4 · 2013-07-24T03:25:33

"Car is sold....for $500"
To the seller it's a loss of $3500 of the $4000 cost.
hence "profit" -(3500/4000)*100 % = -87.50%