A dealer gains a selling price of 4 watches by selling 20 watches. What is the percentage of profit?

  1. 👍
  2. 👎
  3. 👁
  1. Say each watch sells for $100.
    then selling 20 watches gives a revenue of $2000, out of which $400 was profit.
    So cost was $1600, profit was $400.
    Profit percentage

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Statistics

    Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 32 months before certain electronic components deteriorate, causing the watch to become unreliable.

  2. BUS math

    Bari Jay a gown manufacturer received an order for 600 prom dresses from China. Her cost is $35 a gown. If her markup based on selling price is 79%, what is the selling price of each gown? Round to the nearest cent.

  3. math

    A man gains 20% by selling apples at a certain price.if he sells it at Rs 1.2 higher than the previous price he gains 40%. Find the original cost price

  4. Math

    Nissan Appliances bought three dozen camcorders at a cost of $5,040. The markup on the camcorders is 30% of the selling price. What was the original selling price of each camcorder?

  1. math

    The quantity demanded each month of the Sicard wristwatch is related to the unit price given by the equation below, where p is measured in dollars and x is measured in units of a thousand. To yield a maximum revenue, how many

  2. Math

    500 pounds of apples were purchased at $0.35 per pound. The desired markup is 30% based on selling price, but 18% spoilage is expected. What should the selling price per pound be?

  3. Bus math

    Bari Jay, a gown manufacturer, received an order for prom dresses from China. Her cost is $40 a gown. If her markup based on selling price is 76%, what is the selling price of each gown?

  4. algebra 2

    Sonia is selling her house through a real estate agent whose commission is 6% of the selling price. What should be the selling price so Sonia can get $84,600?

  1. Math

    Find the cost price of the following: a)selling price $55, profit 10% c)selling price $680, loss 15$

  2. Accounting

    Currently, the unit selling price of a product is $110, the unit variable cost is $80, and the total fixed costs are $345,000. A proposal is being evaluated to increase the unit selling price to $120. a. Compute the current

  3. Math

    he wholesale cost of a delivery van is $31,300. The original markup was 26% based on selling price. Find the final sale price after the following series of price changes: a markup of 46%, a markup of 15%, a markdown of 40%, and a

  4. math

    The spoilage rate on a shipment of wheat is expected to be 20%. It was purchased at a cost of $5.35 per bushel. What should the selling price per bushel be to achieve a markup of 6% based on selling price?

You can view more similar questions or ask a new question.