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A student sells an item for $20. The item cost $12 to buy. What is the profit?

A student sells an item for $20. The item cost $12 to buy. What is the profit?
Select a response. Submit your response to continue.
- $12 after subtracting the sale
- $8 after subtracting the cost
- $20 before subtracting the cost
- $32 before subtracting the sale

Answer

The profit is calculated by subtracting the cost from the sale price.

  1. The sale price is $20, and the cost is $12.
  2. Profit = Sale Price - Cost = $20 - $12 = $8.

The correct answer is: $8 after subtracting the cost

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