The marked price of a shirt was $215. After a 30% discount, the shopkeeper still makes a $43 profit.
- What is the cost price of the shirt?
- What is the profit in percentage?
(a)
Percentage of the price of the shirt after 30% discount
= 100% - 30%
= 70%
Price of the shirt at 30% discount
= 70% x 215
=
70100 x 215
= $150.50
Cost price of the shirt
= 150.50 - 43
= $107.50
(b)
Profit in percentage
=
43107.50 x 100%
= 40%
Answer(s): (a) $107.50; (b) 40%