math_celebrity Administrator Staff member Jun 29, 2020 #1 A man bought a mobile phone for $800 and sold it for $1000. What was his profit as a percentage of the cost price Calculate Profit: Profit = Sales Price - Cost Profit = 1000 - 800 Profit = 200 Calculate profit percentage: Profit Percentage = Profit * 100 / Cost Profit Percentage = 800 * 100 / 200 Profit Percentage = 400%

A man bought a mobile phone for $800 and sold it for $1000. What was his profit as a percentage of the cost price Calculate Profit: Profit = Sales Price - Cost Profit = 1000 - 800 Profit = 200 Calculate profit percentage: Profit Percentage = Profit * 100 / Cost Profit Percentage = 800 * 100 / 200 Profit Percentage = 400%