Multiple choice

By selling a T.V. for \$1800, Adam loses 10%. Find his profit percentage if he sells it for \$2500.

  1. 14%

  2. 22%

  3. 23%

  4. 25%

  5. 28%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Selling for 1800 at 10% loss means Cost Price = 1800 / 0.9 = 2000. Selling for 2500 gives profit = 2500 - 2000 = 500. Profit % = (500/2000) * 100 = 25%.

AI explanation

Using the formula Cost Price equals Selling Price times 100 divided by (100 minus Loss Percentage), the cost price of the TV is 1800 times 100 divided by 90, which is \$2000. If he sells it for \$2500, his profit becomes 2500 minus 2000, resulting in $500. Applying the profit percentage formula, 500 divided by 2000 times 100 yields a 25 percent profit.

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