Profit percentage (%) is the amount of profit expressed in terms of percentage. This profit is based on the cost price, hence, the formula to find the profit percentage is: (Profit/Cost Price) × 100.
How to find his profit and profit percent.?
CP=20×12=240
SP=12×25=300
Sp - CP
300 - 240 =60%
profit percent =60×100/300=20%
What is average profit?
The profit earned by a business during previous accounting periods on an average basis is termed as the Average Profit.
It takes into account the average profits for the past few years and fixes the value of goodwill as to many year's purchase of this amount. Average profit maybe simple or weighted in nature.
To learn more about Profit percentage, refer
https://brainly.com/question/19104371
#SPJ9
