The marked price of a shirt was $148. After a 35% discount, the shopkeeper still makes a $37 profit.
- What is the cost price of the shirt?
- What is the profit in percentage?
(a)
Percentage of the price of the shirt after 35% discount
= 100% - 35%
= 65%
Price of the shirt at 35% discount
= 65% x 148
=
65100 x 148
= $96.20
Cost price of the shirt
= 96.20 - 37
= $59.20
(b)
Profit in percentage
=
3759.20 x 100%
= 62.5%
Answer(s): (a) $59.20; (b) 62.5%