If a product which costs $8 is sold at $10,the profit margin is
A)$2.
B)25%.
C)20%.
D)None of the above

Name: If a product which costs $8 is sold at $10,the profit margin is A)$2. B)25%. C)20%. D)None of the above
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Question

Quizplus · Accepted Answer

Profit margin is calculated as:

Profit margin = (Selling price - Cost price) / Cost price * 100%

In this case,

Cost price = $8
Selling price = $10

Profit margin = (10-8)/8 * 100%
Profit margin = 0.25 * 100%
Profit margin = 25%

Therefore, the correct answer is C) 20%.

If a Product Which Costs $8 Is Sold at $10,the