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A retailer buys a watch for $150 and sells it at a profit of 25%. What is the se

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Question: A retailer buys a watch for $150 and sells it at a profit of 25%. What is the selling price? (2023)

Options:

  1. $175
  2. $180
  3. $187.5
  4. $200

Correct Answer: $187.5

Exam Year: 2023

Solution: 

Selling Price = Cost Price + Profit = 150 + (25% of 150) = 150 + 37.5 = $187.5.

A retailer buys a watch for $150 and sells it at a profit of 25%. What is the se

Practice Questions

Q1
A retailer buys a watch for $150 and sells it at a profit of 25%. What is the selling price? (2023)
  1. $175
  2. $180
  3. $187.5
  4. $200

Questions & Step-by-Step Solutions

A retailer buys a watch for $150 and sells it at a profit of 25%. What is the selling price? (2023)
  • Step 1: Identify the cost price of the watch, which is $150.
  • Step 2: Calculate the profit percentage, which is 25%.
  • Step 3: Find the amount of profit by calculating 25% of the cost price: 25% of 150 = 0.25 * 150 = $37.5.
  • Step 4: Add the profit to the cost price to find the selling price: Selling Price = Cost Price + Profit = 150 + 37.5.
  • Step 5: Calculate the final selling price: 150 + 37.5 = $187.5.
  • Profit Calculation – Understanding how to calculate profit as a percentage of the cost price.
  • Selling Price Determination – Knowing how to derive the selling price by adding profit to the cost price.
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