Tom bought a pen for $60 and sold it to gain 20% on his cost price. How

much money did he gain?

Question

Mathematics

Craig Meyer

10 July, 17:51

Tom bought a pen for $60 and sold it to gain 20% on his cost price. How

much money did he gain?

+5

Answers (1)

Know the Answer?

Oscar Trujillo · Answer 1

72$

Step-by-step explanation:

20%=.2

60x. 2=12

60+12=72

OR

60x1.2=72

Basically you are finding 20% of the original price (in this case 60) and then adding that 20% to the original number so you will make a 20% profit.

Tom bought a pen for $60 and sold it to gain 20% on his cost price. Howmuch money did he gain?

Tom bought a pen for $60 and sold it to gain 20% on his cost price. How

much money did he gain?