My Learning Cart

If the cost price of an item is $80 and the selling price is $100, what is the p

Practice Questions

Q1
If the cost price of an item is $80 and the selling price is $100, what is the profit percentage?
  1. 20%
  2. 25%
  3. 30%
  4. 35%

Questions & Step-by-Step Solutions

If the cost price of an item is $80 and the selling price is $100, what is the profit percentage?
  • Step 1: Identify the cost price of the item, which is $80.
  • Step 2: Identify the selling price of the item, which is $100.
  • Step 3: Calculate the profit by subtracting the cost price from the selling price: Profit = Selling Price - Cost Price.
  • Step 4: Substitute the values: Profit = $100 - $80.
  • Step 5: Calculate the profit: Profit = $20.
  • Step 6: To find the profit percentage, use the formula: Profit Percentage = (Profit / Cost Price) × 100.
  • Step 7: Substitute the profit and cost price into the formula: Profit Percentage = (20 / 80) × 100.
  • Step 8: Calculate the profit percentage: Profit Percentage = 0.25 × 100.
  • Step 9: Final calculation gives you the profit percentage: Profit Percentage = 25%.
No concepts available.
School
School
College
College
Degree
Degree
Competitve
Competitve
Skills
Skills
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely