Mathematics

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

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  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
    =profit/cost
    =400/1600
    =0.25
    =25%

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