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

Question

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## Answers ( No )

The profit percentage gained by roger is

SOLUTION:Given that, Roger made profit on the stamp collection costing him . 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

Here, profit gained = and cost price =

Profit percentage

Therefore, Profit percentage =

STEP-BY-STEP SOLUTION:

Profit = $25

Cost = $125

Profit as a % of the cost price

= ( 25 / 125 ) × 100%

= ( 1 / 5 ) × 100%

= 20%

ANSWER: 20%