(a) To find the woman's profit, we subtract the cost price from the selling price:
Profit = Selling price - Cost price
Profit = $150 - $120
Profit = $30
(b) To find the woman's percentage profit, we need to calculate the profit as a percentage of the cost price. We use the formula:
Percentage profit = (Profit / Cost price) * 100
Substitute the values into the formula:
Percentage profit = (30 / 120) * 100
Percentage profit = 25%
Therefore, her percentage profit is 25%. This means that for every dollar she spent on buying the clock, she made 25 cents in profit when she sold it.Answer:
Step-by-step explanation:
Answer:
(a) $30 , (b) 25%
Step-by-step explanation:
percentage profit is calculated as
[tex]\frac{profit}{original}[/tex] × 100%
(a)
Profit = selling price - original price = $150 - $120 = $30
(b)
percentage profit = [tex]\frac{30}{120}[/tex] × 100% = 0.25 × 100% = 25%
