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

Practice Questions

1 question
Q1
A man buys a bicycle for $200 and sells it for $250. What is his profit percentage?
  1. 20%
  2. 25%
  3. 30%
  4. 35%

Questions & Step-by-step Solutions

1 item
Q
Q: A man buys a bicycle for $200 and sells it for $250. What is his profit percentage?
Solution: Profit = Selling Price - Cost Price = 250 - 200 = 50. Profit Percentage = (Profit/Cost Price) * 100 = (50/200) * 100 = 25%.
Steps: 0

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