Roger made $25 profit on the stamp collection costing him $125. What was his profit as a percentage of the cost price?

Question

Roger made $25 profit on the stamp collection costing him $125. What was his profit as a percentage of the cost price?

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    0
    2021-09-09T15:16:14+00:00

    The profit percentage gained by roger is 20 \%

    SOLUTION:

    Given that, Roger made \$25 profit on the stamp collection costing him \$125.  We have to find his profit as a percentage of the cost price

    Profit percentage is profit gained divided by the cost price multiplied by 100.

    Therefore, Profit percentage on stamp collection =\frac{\text { profit gained }}{\text { cost price }} \times 100

    Here, profit gained = \$25 and cost price = \$125

    Profit percentage =\frac{25}{125} \times 100\Rightarrow \frac{1}{5} \times 100\Rightarrow \frac{100}{5}\%\Rightarrow 20\%

    Therefore, Profit percentage = 20 \%

    0
    2021-09-09T15:16:20+00:00

    STEP-BY-STEP SOLUTION:

    Profit = $25

    Cost = $125

    Profit as a % of the cost price

    = ( 25 / 125 ) × 100%

    = ( 1 / 5 ) × 100%

    = 20%

    ANSWER: 20%

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