Derek buys a house for €150,000 and sells it for €154,500. Work out Derek's percentage profit.

Answer

To calculate Derek's percentage profit, we first need to determine the profit he made on the house sale, and then express that profit as a percentage of the purchase price. 1. **Calculate the Profit:** Profit = Selling Price - Purchase Price Profit = €154,500 - €150,000 Profit = €4,500 2. **Calculate the Percentage Profit:** Percentage Profit = (Profit / Purchase Price) x 100 Percentage Profit = (€4,500 / €150,000) x 100 Percentage Profit = 0.03 x 100 Percentage Profit = 3% Therefore, Derek's percentage profit from the sale of the house is **3%.**