James pays $1000 for advertising. It brought 100 customers to his site and 80% of those bought something at the store that cost $25. How much profit does he gain from the ad?
Thoughts? Step-by-step reasoning:
User
100 * .8 = 80 customers bought something. That means they were worth 80 * 25 = $2000. So he gained 2000 - 1000 = $1000 from the ad.
Thus, the answer is 1000.
Assistant