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A man bought a watch for $200 and sold it for $250. What is his profit percentag

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Question: A man bought a watch for $200 and sold it for $250. What is his profit percentage?

Options:

  1. 20%
  2. 25%
  3. 30%
  4. 15%

Correct Answer: 25%

Solution: 

Profit = Selling Price - Cost Price = 250 - 200 = 50. Profit Percentage = (Profit/Cost Price) * 100 = (50/200) * 100 = 25%.

A man bought a watch for $200 and sold it for $250. What is his profit percentag

Practice Questions

Q1
A man bought a watch for $200 and sold it for $250. What is his profit percentage?
  1. 20%
  2. 25%
  3. 30%
  4. 15%

Questions & Step-by-Step Solutions

A man bought a watch for $200 and sold it for $250. What is his profit percentage?
  • Profit Calculation – Understanding how to calculate profit by subtracting the cost price from the selling price.
  • Profit Percentage – Calculating profit percentage using the formula (Profit/Cost Price) * 100.
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