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Tom bought a pencil case for $60 and sold it to gain a profit of 20% on his cost price. (a) How much money did he gain? (b) How much money did he sell the pencil case for?
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Tom bought a pencil case for $60 and sold it to gain a profit of 20% on his cost price.

(a) How much money did he gain? (b) How much money did he sell the pencil case for?

User Aralis
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1 Answer

5 votes
$60 x 1.20 = $72 - $60 = $12 profit

a. $12
b. $72
User Mohamed Mahdi
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3.8k points
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