A man bought a mobile phone for $800 and sold it for $1000. What was his profit as a percentage of the cost price

Question

asked Apr 2, 2021 197k views

2 Answers

Alex Sexton · Answer 1 · 2021-04-09T01:13:16+0000

Answer:

25%

Explanation:

Profit = Selling price - Cost price

= 1000 - 800

= $200

%Profit = Profit

_____. × 100. ( profit over cost price times 100)

Cost Price

= 200

____. × 100%

800

= 25%