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If a man buys a watch for $80 and sells it for $100, what is his profit in perce
Practice Questions
Q1
If a man buys a watch for $80 and sells it for $100, what is his profit in percentage?
25%
20%
30%
15%
Questions & Step-by-Step Solutions
If a man buys a watch for $80 and sells it for $100, what is his profit in percentage?
Steps
Concepts
Profit Calculation
– Understanding how to calculate profit by subtracting the cost price from the selling price.
Profit Percentage
– Calculating profit percentage by dividing the profit by the cost price and multiplying by 100.
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