Question

A store owner bought a shirt wholesale for $35 and sold it in her store for $50. What is the percent increase?

Answer 1

We know that:

`\large\tex\text{Profit percentage:} \ (S.P - C.P)/(C.P) * 100 \\\\ \tex\text{The cost price of the shirt is the cost the storeowner bought.} \\\\ \ \ \tex\text{The selling price of the shirt is the price the store owner is selling it.}`

We can make the following points:

• Since the storeowner bought the shirt for $35, the cost price is $35.
• Since the storeowner sold the shirt for $50, the selling price is $50.

Now, let's find the profit percent by plugging the C.P and the S.P.

Step-by step calculations:

`\large\tex\text{Profit percentage:} \ (S.P - C.P)/(C.P) * 100`

`\large\tex\text{Profit percentage:} \ (50 - 35)/(35) * 100`

`\large\tex\text{Profit percentage:} \ (15)/(35) * 100`

`\large\tex\text{Profit percentage:} \ (3)/(7) * 100`

`\large\tex\text{Profit percentage:} \ (300)/(7) \%`

`\boxed{\bold{\large\tex\text{Profit percentage \ =} \ 42.86\% \ (Estimate)}}`

Thus, the percent increase is about 42.86%.

Answer 2

Given :-

• CP = $35
• SP = $ 50

To find :-

• Percentage increase

We know :-

SP > CP

.°. There is a profit

• Profit = SP - CP
• Profit = 50 - 35
• Profit = $ 15

• Profile% = Profit/CP ×100
• Profit % = 15/35 × 100
• Profit% = 3/7 × 100
• Profit% = 300/7
• Profit% = 42.86(approx) %

Increase % = 42.86(approx) %