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

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

Options:

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

Correct Answer: 25%

Solution: 

Gain = Selling Price - Cost Price = 100 - 80 = 20. Gain Percentage = (Gain/Cost Price) * 100 = (20/80) * 100 = 25%.

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

Practice Questions

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

Questions & Step-by-Step Solutions

A retailer bought a watch for $80 and sold it for $100. What is the gain in percentage?
  • Gain Calculation – Understanding how to calculate the gain by subtracting the cost price from the selling price.
  • Percentage Calculation – Applying the formula for gain percentage, which involves dividing the gain by the cost price and multiplying by 100.
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