A man bought a mobile phone for $800 and sold it for $1000. What was his profit as a percentage of t

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A man bought a mobile phone for $800 and sold it for $1000. What was his profit as a percentage of the cost price

Calculate Profit:
Profit = Sales Price - Cost
Profit = 1000 - 800
Profit = 200

Calculate profit percentage:
Profit Percentage = Profit * 100 / Cost
Profit Percentage = 800 * 100 / 200
Profit Percentage = 400%