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A merchant bought a batch of goods for $600 and sold them at a total of $720. What is the profit percentage? (2023)

Practice Questions

1 question
Q1
A merchant bought a batch of goods for $600 and sold them at a total of $720. What is the profit percentage? (2023)
  1. 15%
  2. 20%
  3. 25%
  4. 30%

Questions & Step-by-step Solutions

1 item
Q
Q: A merchant bought a batch of goods for $600 and sold them at a total of $720. What is the profit percentage? (2023)
Solution: Profit = Selling Price - Cost Price = 720 - 600 = 120. Profit Percentage = (120/600) * 100 = 20%.
Steps: 0

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