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If a person buys a watch for $120 and sells it for $150, what is the percentage
Practice Questions
Q1
If a person buys a watch for $120 and sells it for $150, what is the percentage profit?
20%
25%
30%
35%
Questions & Step-by-Step Solutions
If a person buys a watch for $120 and sells it for $150, what is the percentage profit?
Steps
Concepts
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.
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