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A retailer bought a watch for $80 and sold it for $100. What is the gain in doll

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Question: A retailer bought a watch for $80 and sold it for $100. What is the gain in dollars?

Options:

  1. $15
  2. $20
  3. $25
  4. $30

Correct Answer: $20

Solution: 

Gain = Selling Price - Cost Price = 100 - 80 = 20.

A retailer bought a watch for $80 and sold it for $100. What is the gain in doll

Practice Questions

Q1
A retailer bought a watch for $80 and sold it for $100. What is the gain in dollars?
  1. $15
  2. $20
  3. $25
  4. $30

Questions & Step-by-Step Solutions

A retailer bought a watch for $80 and sold it for $100. What is the gain in dollars?
  • Profit Calculation – Understanding how to calculate profit by subtracting the cost price from the selling price.
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