If a man buys a watch for $80 and sells it for $100, what is his profit in perce

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Question: If a man buys a watch for $80 and sells it for $100, what is his profit in percentage?

Options:

Correct Answer: 25%

Solution:

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

If a man buys a watch for $80 and sells it for $100, what is his profit in percentage?

If a man buys a watch for $80 and sells it for $100, what is his profit in percentage?

Step 1: Identify the cost price of the watch, which is $80.
Step 2: Identify the selling price of the watch, which is $100.
Step 3: Calculate the profit by subtracting the cost price from the selling price: 100 - 80.
Step 4: The profit is $20.
Step 5: To find the profit percentage, divide the profit by the cost price: 20 / 80.
Step 6: Calculate the result of the division: 20 / 80 = 0.25.
Step 7: Convert the decimal to a percentage by multiplying by 100: 0.25 * 100.
Step 8: 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 by dividing the profit by the cost price and multiplying by 100.