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A company reports a profit of 25% on its cost price. If the cost price of an item is $200, what is the selling price? (2023)

Practice Questions

1 question
Q1
A company reports a profit of 25% on its cost price. If the cost price of an item is $200, what is the selling price? (2023)
  1. $220
  2. $240
  3. $250
  4. $260

Questions & Step-by-step Solutions

1 item
Q
Q: A company reports a profit of 25% on its cost price. If the cost price of an item is $200, what is the selling price? (2023)
Solution: Selling Price = Cost Price + Profit = 200 + (25% of 200) = 200 + 50 = $250.
Steps: 5

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