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Amy bought a phone for $25000 and sold it for $32000. What is the profit amount that she gained?  Ops:   A. $7000    B. $4200    C. $6500    D. $8900

Question

Amy bought a phone for 25000andsolditfor25000 and sold it for 32000. What is the profit amount that she gained?

Ops:
A. 7000B.7000 B. 4200
C. 6500D.6500 D. 8900

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Solution

To calculate the profit, we subtract the cost price from the selling price.

Here's the step-by-step calculation:

Step 1: Identify the selling price and the cost price. In this case, Amy sold the phone for 32000(thisisthesellingprice)andsheboughtitfor32000 (this is the selling price) and she bought it for 25000 (this is the cost price).

Step 2: Subtract the cost price from the selling price to find the profit.

So, 32000(sellingprice)−32000 (selling price) - 25000 (cost price) = $7000

Therefore, the profit that Amy gained is 7000.So,theanswerisA.7000. So, the answer is A. 7000.

This problem has been solved

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