SOLUTION: a man bought a watch for $400 and sold it for $480 what is the gain percentage

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Question 752753: a man bought a watch for $400 and sold it for $480 what is the gain percentage
Answer by Okeke_Christian(26) About Me  (Show Source):
You can put this solution on YOUR website!
Formula for calculating percentage gain is:
%28P%2FCP%29%2A100%
**Do not change the "%" sign**
Where,
P+=+Profit%3B
CP+=+Cost+Price
From question,
CP+=+%24400
P+=+SP+-+CP+=+%24480-+%24400+=+%2480
%Gain = %2880%2F400%29%2A100%

%Gain = %2880%2A100%29%2F400%

%Gain = 8000%2F400%

%Gain = 20%

I hope this helped. If you don't understand, feel free to ask me