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A merchant bought a watch for $200 and sold it for $250. What is the profit in d

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Question: A merchant bought a watch for $200 and sold it for $250. What is the profit in dollars?

Options:

  1. $40
  2. $50
  3. $60
  4. $70

Correct Answer: $50

Solution: 

Profit = Selling Price - Cost Price = 250 - 200 = 50.

A merchant bought a watch for $200 and sold it for $250. What is the profit in d

Practice Questions

Q1
A merchant bought a watch for $200 and sold it for $250. What is the profit in dollars?
  1. $40
  2. $50
  3. $60
  4. $70

Questions & Step-by-Step Solutions

A merchant bought a watch for $200 and sold it for $250. What is the profit in dollars?
  • Step 1: Identify the cost price of the watch. The cost price is $200.
  • Step 2: Identify the selling price of the watch. The selling price is $250.
  • Step 3: Use the profit formula: Profit = Selling Price - Cost Price.
  • Step 4: Substitute the values into the formula: Profit = 250 - 200.
  • Step 5: Calculate the profit: 250 - 200 = 50.
  • Step 6: The profit is $50.
  • Profit Calculation – Understanding how to calculate profit by subtracting the cost price from the selling price.
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