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

₹0.0

Question: If the cost price of an item is $80 and the selling price is $100, what is the profit percentage?

Options:

Correct Answer: 25%

Solution:

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

If the cost price of an item is $80 and the selling price is $100, what is the profit percentage?

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%.

Profit Calculation – Understanding how to calculate profit by subtracting the cost price from the selling price.
Profit Percentage – Calculating profit percentage using the formula (Profit/Cost Price) × 100.