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A retailer bought a toy for $15 and sold it for $18. What is the profit percenta

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Question: A retailer bought a toy for $15 and sold it for $18. What is the profit percentage?

Options:

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

Correct Answer: 25%

Solution: 

Profit = Selling Price - Cost Price = 18 - 15 = 3. Profit Percentage = (3/15) * 100 = 20%.

A retailer bought a toy for $15 and sold it for $18. What is the profit percenta

Practice Questions

Q1
A retailer bought a toy for $15 and sold it for $18. What is the profit percentage?
  1. 20%
  2. 25%
  3. 30%
  4. 15%

Questions & Step-by-Step Solutions

A retailer bought a toy for $15 and sold it for $18. What is the profit percentage?
  • 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.
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