Foundation November 2019 Paper 3 Q21
21 Franco buys a house for £146 500
He sells the house for £158 220
Calculate the percentage profit Franco makes. (3)
| Answer | Mark | Mark scheme |
|---|---|---|
| 8 | M1 | for \(158220 - 146500\ (=11720)\) or \(158220 \div 146500\ (=1.08)\) |
| M1 | for complete method, eg \((158220 - 146500) \div 146500 \times 100\) oe or \(1.08 \times 100 - 100\) | |
| A1 | cao |
Additional guidance
0.08 as an answer implies M1