Holly paid $47 for a vase at an estate auction. She resold it to an antiques dealer for $214. What was her profit for $214. What was her profit or loss?
embizze | Certified Educator
The cost of the vase is $47. The selling price is $214.
The amount of profit/loss is the selling price minus the cost.
P=214-47=167. Since 167>0 this is a profit.
Holly made a profit of $167.