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A retailer bought a watch for $300 and sold it for $360. What is the profit perc

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Question: A retailer bought a watch for $300 and sold it for $360. What is the profit percentage?

Options:

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

Correct Answer: 20%

Solution: 

Profit = Selling Price - Cost Price = 360 - 300 = 60. Profit Percentage = (60/300) * 100 = 20%.

A retailer bought a watch for $300 and sold it for $360. What is the profit perc

Practice Questions

Q1
A retailer bought a watch for $300 and sold it for $360. What is the profit percentage?
  1. 15%
  2. 20%
  3. 25%
  4. 30%

Questions & Step-by-Step Solutions

A retailer bought a watch for $300 and sold it for $360. 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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