A man buys a bicycle for $200 and sells it for $250. What is his percentage profit?

Practice Questions

1 question
Q1
A man buys a bicycle for $200 and sells it for $250. What is his percentage profit?
  1. 20%
  2. 25%
  3. 30%
  4. 15%

Questions & Step-by-step Solutions

1 item
Q
Q: A man buys a bicycle for $200 and sells it for $250. What is his percentage profit?
Solution: The profit is selling price - cost price = 250 - 200 = 50. The percentage profit is (profit/cost price) * 100 = (50/200) * 100 = 25%. Thus, his percentage profit is 25%.
Steps: 0

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