The marked price of a shirt was $102. After a 25% discount, the shopkeeper still makes a $39 profit.
- What is the cost price of the shirt?
- What is the profit in percentage?
(a)
Percentage of the price of the shirt after 25% discount
= 100% - 25%
= 75%
Price of the shirt at 25% discount
= 75% x 102
=
75100 x 102
= $76.50
Cost price of the shirt
= 76.50 - 39
= $37.50
(b)
Profit in percentage
=
3937.50 x 100%
= 104%
Answer(s): (a) $37.50; (b) 104%