A man bought a watch for $200 and sold it for $250. What is the gain in percenta

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Question: A man bought a watch for $200 and sold it for $250. What is the gain in percentage?

Options:

Correct Answer: 25%

Solution:

Gain = Selling Price - Cost Price = 250 - 200 = 50. Gain Percentage = (Gain/Cost Price) * 100 = (50/200) * 100 = 25%.

A man bought a watch for $200 and sold it for $250. What is the gain in percentage?

A man bought a watch for $200 and sold it for $250. What is the gain in percentage?

Step 1: Identify the cost price of the watch, which is $200.
Step 2: Identify the selling price of the watch, which is $250.
Step 3: Calculate the gain by subtracting the cost price from the selling price: Gain = Selling Price - Cost Price = 250 - 200.
Step 4: The gain is $50.
Step 5: To find the gain percentage, use the formula: Gain Percentage = (Gain / Cost Price) * 100.
Step 6: Substitute the values into the formula: Gain Percentage = (50 / 200) * 100.
Step 7: Calculate the gain percentage: (50 / 200) = 0.25, then multiply by 100 to get 25%.
Step 8: The gain percentage is 25%.

Profit Calculation – Understanding how to calculate profit by subtracting the cost price from the selling price.
Percentage Calculation – Calculating the percentage gain based on the profit and the original cost price.