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A shopkeeper bought 20 items at $15 each and sold them at $20 each. What is the total profit made?

Practice Questions

1 question
Q1
A shopkeeper bought 20 items at $15 each and sold them at $20 each. What is the total profit made?
  1. $50
  2. $100
  3. $75
  4. $25

Questions & Step-by-step Solutions

1 item
Q
Q: A shopkeeper bought 20 items at $15 each and sold them at $20 each. What is the total profit made?
Solution: Total Cost = 20 * 15 = $300. Total Selling Price = 20 * 20 = $400. Profit = Selling Price - Cost = 400 - 300 = $100.
Steps: 6

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