The marked price of a shirt was $185. After a 30% discount, the shopkeeper still makes a $42 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 185
=
70100 x 185
= $129.50
Cost price of the shirt
= 129.50 - 42
= $87.50
(b)
Profit in percentage
=
4287.50 x 100%
= 48%
Answer(s): (a) $87.50; (b) 48%