What percentage profit did the man make when he bought a farm for $2400 and sold it for $2700?

To calculate the percentage gain from the sale of the farm, you can follow these steps:

  1. Determine the cost price (CP) and selling price (SP):
    The man bought the farm for $2400 (CP) and sold it for $2700 (SP).
  2. Calculate the gain:
    Gain can be calculated using the formula: Gain = Selling Price - Cost Price.
    Plugging in the values: Gain = $2700 - $2400 = $300.
  3. Calculate the percentage gain:
    The formula for percentage gain is: Percentage Gain = (Gain / Cost Price) × 100.
    Substituting the values: Percentage Gain = ($300 / $2400) × 100.
  4. Perform the calculation:
    Percentage Gain = 0.125 × 100 = 12.5%.

Therefore, the man made a 12.5% gain when he sold the farm.

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