Question

A trader bought 40 shirts for Birr 220 and sold them at Birr 72 each

Find the profit percentage.

Answer 1

Given:

Cost price of 40 shirts = Birr 220

Selling price of each shirt = Birr 72

To find:

The profit percentage.

Solution:

We have,

Cost price (CP) of 40 shirts = Birr 220

Selling price (SP) of each shirt = Birr 72

So, the selling price (SP) of 40 shirts is:

`72* 40=2880`

We need to find the profit percentage.

`\text{Profit percentage}=(SP-CP)/(CP)* 100`

`\text{Profit percentage}=(2880-220)/(220)* 100`

`\text{Profit percentage}=(2660)/(220)* 100`

`\text{Profit percentage}=1209.09\%`

Therefore, the profit percentage is 1209.09%.