If a calendar is bought for $40 and sold for $50, what is the percentage profit?

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Question: If a calendar is bought for $40 and sold for $50, what is the percentage profit?

Options:

Correct Answer: 25%

Solution:

Profit = Selling Price - Cost Price = 50 - 40 = 10. Percentage Profit = (10/40) * 100 = 25%

If a calendar is bought for $40 and sold for $50, what is the percentage profit?

If a calendar is bought for $40 and sold for $50, what is the percentage profit?

Step 1: Identify the cost price of the calendar, which is $40.
Step 2: Identify the selling price of the calendar, which is $50.
Step 3: Calculate the profit by subtracting the cost price from the selling price: Profit = Selling Price - Cost Price = 50 - 40.
Step 4: The profit calculated is $10.
Step 5: To find the percentage profit, divide the profit by the cost price: (Profit / Cost Price) = (10 / 40).
Step 6: Calculate the result of the division: 10 / 40 = 0.25.
Step 7: To convert this to a percentage, multiply by 100: 0.25 * 100 = 25%.
Step 8: The percentage profit is 25%.

Profit Calculation – Understanding how to calculate profit by subtracting the cost price from the selling price.
Percentage Calculation – Calculating percentage profit by dividing profit by cost price and multiplying by 100.