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If a trader makes a profit of $50 on selling a watch for $250, what is the cost

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Question: If a trader makes a profit of $50 on selling a watch for $250, what is the cost price?

Options:

  1. $200
  2. $210
  3. $220
  4. $230

Correct Answer: $200

Solution: 

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

If a trader makes a profit of $50 on selling a watch for $250, what is the cost

Practice Questions

Q1
If a trader makes a profit of $50 on selling a watch for $250, what is the cost price?
  1. $200
  2. $210
  3. $220
  4. $230

Questions & Step-by-Step Solutions

If a trader makes a profit of $50 on selling a watch for $250, what is the cost price?
  • Step 1: Understand that the Selling Price is the amount the trader sold the watch for, which is $250.
  • Step 2: Know that the Profit is the amount the trader made from selling the watch, which is $50.
  • Step 3: To find the Cost Price, use the formula: Cost Price = Selling Price - Profit.
  • Step 4: Substitute the values into the formula: Cost Price = 250 - 50.
  • Step 5: Calculate the result: Cost Price = 200.
  • Cost Price Calculation – Understanding how to calculate the cost price using the selling price and profit.
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