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

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

Options:

Correct Answer: 25%

Solution:

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

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

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

Step 1: Identify the cost price of the calendar, which is $80.
Step 2: Identify the selling price of the calendar, 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 percentage profit, divide the profit by the cost price: 20 / 80.
Step 6: Calculate the result of the division: 20 / 80 = 0.25.
Step 7: To convert this to a percentage, multiply by 100: 0.25 * 100.
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 – Knowing how to express profit as a percentage of the cost price.