If a company sells a product for $150 and the cost price is $100, what is the pr

₹0.0

Question: If a company sells a product for $150 and the cost price is $100, what is the profit percentage?

Options:

Correct Answer: 50%

Solution:

Profit = Selling Price - Cost Price = 150 - 100 = 50. Profit Percentage = (Profit/Cost Price) * 100 = (50/100) * 100 = 50%.

If a company sells a product for $150 and the cost price is $100, what is the profit percentage?

If a company sells a product for $150 and the cost price is $100, what is the profit percentage?

Step 1: Identify the Selling Price, which is $150.
Step 2: Identify the Cost Price, which is $100.
Step 3: Calculate the Profit by subtracting the Cost Price from the Selling Price: Profit = Selling Price - Cost Price = 150 - 100.
Step 4: The Profit is $50.
Step 5: Calculate the Profit Percentage using the formula: Profit Percentage = (Profit / Cost Price) * 100.
Step 6: Substitute the values: Profit Percentage = (50 / 100) * 100.
Step 7: Calculate the Profit Percentage, which equals 50%.

Profit Calculation – Understanding how to calculate profit by subtracting cost price from selling price.
Profit Percentage – Calculating profit percentage using the formula (Profit/Cost Price) * 100.