UGC NET Exam > UGC NET Questions > If a product with a cost price of $80 is sold...
Start Learning for Free
If a product with a cost price of $80 is sold for $120, what is the profit percentage?
- a)30%
- b)50%
- c)40%
- d)60%
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
If a product with a cost price of $80 is sold for $120, what is the pr...
Profit = Selling Price - Cost Price = $120 - $80 = $40. Profit Percentage = (Profit / Cost Price) * 100% = (40 / 80) * 100% = 50%. Therefore, the profit percentage is 50%.
Most Upvoted Answer
If a product with a cost price of $80 is sold for $120, what is the pr...
Calculation of Profit Percentage:
Profit can be calculated by subtracting the cost price from the selling price. In this case, the cost price is $80 and the selling price is $120. Therefore, the profit is:
Selling Price - Cost Price = $120 - $80 = $40
Profit Percentage Formula:
Profit percentage is calculated using the following formula:
Profit Percentage = (Profit / Cost Price) * 100
Substitute Values:
Substitute the values of profit ($40) and cost price ($80) into the formula to find the profit percentage:
Profit Percentage = ($40 / $80) * 100 = 0.5 * 100 = 50%
Therefore, the profit percentage for selling a product with a cost price of $80 at $120 is 50%. This means that the seller made a profit of 50% on the cost price of the product.
Profit can be calculated by subtracting the cost price from the selling price. In this case, the cost price is $80 and the selling price is $120. Therefore, the profit is:
Selling Price - Cost Price = $120 - $80 = $40
Profit Percentage Formula:
Profit percentage is calculated using the following formula:
Profit Percentage = (Profit / Cost Price) * 100
Substitute Values:
Substitute the values of profit ($40) and cost price ($80) into the formula to find the profit percentage:
Profit Percentage = ($40 / $80) * 100 = 0.5 * 100 = 50%
Therefore, the profit percentage for selling a product with a cost price of $80 at $120 is 50%. This means that the seller made a profit of 50% on the cost price of the product.
|
Explore Courses for UGC NET exam
|
|
Similar UGC NET Doubts
Top Courses for UGC NETView all
If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer?
Question Description
If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer? for UGC NET 2025 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UGC NET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer?.
If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer? for UGC NET 2025 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UGC NET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer?.
Solutions for If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UGC NET.
Download more important topics, notes, lectures and mock test series for UGC NET Exam by signing up for free.
Here you can find the meaning of If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer?, a detailed solution for If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If a product with a cost price of $80 is sold for $120, what is the profit percentage?a)30%b)50%c)40%d)60%Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UGC NET tests.
|
|
Explore Courses for UGC NET exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup