If a calendar is bought for $80 and sold for $100, what is the profit percentage

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Question: If a calendar is bought for $80 and sold for $100, what is the profit percentage?

Options:

Correct Answer: 20%

Solution:

Profit = Selling Price - Cost Price = 100 - 80 = 20. Profit Percentage = (20/80) * 100 = 25%

If a calendar is bought for $80 and sold for $100, what is the profit percentage?

If a calendar is bought for $80 and sold for $100, what is the profit percentage?

Step 1: Identify the Cost Price (CP) of the calendar, which is $80.
Step 2: Identify the Selling Price (SP) of the calendar, which is $100.
Step 3: Calculate the Profit by subtracting the Cost Price from the Selling Price: Profit = SP - CP = 100 - 80.
Step 4: The Profit calculated is $20.
Step 5: To find the Profit Percentage, use the formula: Profit Percentage = (Profit / Cost Price) * 100.
Step 6: Substitute the values into the formula: Profit Percentage = (20 / 80) * 100.
Step 7: Calculate the Profit Percentage: (20 / 80) = 0.25, then multiply by 100 to get 25%.
Step 8: The final answer is that the Profit Percentage is 25%.

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.