Answer:
profit as a percentage= 21.74%
Step-by-step explanation:
Giving the following information:
Purchase price= $180,000
Selling price= $230,000
To calculate the profit as a percentage, we need to use the following formula:
profit as a percentage= (profit/selling price)*100
profit as a percentage= 50,000/230,000*100
profit as a percentage= 21.74%
