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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?
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15%
Questions & Step-by-Step Solutions
A man bought a watch for $200 and sold it for $250. What is his profit percentage?
Steps
Concepts
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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