The percentage of profit will be equal to 25%
What is the percentage?
The Percentage is defined as representing any number with respect to the 100. It is denoted by the sign %.
The profit percentage will be calculated as:-
Profit amount = 150000-120000
Profit amount = 30000
Profit %= profit amount/cost price*100
Profit percent=30000/120000*100
Profit percentage = 25%
Therefore the percentage of profit will be equal to 25%
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