Question
The first shirt is sold at twice the selling price of
the second shirt. The first shirt is sold at 8% profit and the second shirt is sold at a 3% loss. What is the overall percentage profit on the shirts (Rounded off to two decimal place)?Solution
Second shirt- Cost price (C2) Selling price (SP = 0.97C2) First shirt- Selling price (S₁ = 1.94C2) Cost price (C₁ =1.94C2/1.08 ≈ 1.796C2) Total cost price: C1+C2=1.796C2+C2 = 2.796C2 Total selling price: S1+S2 =1.94C2+0.97C2 = 2.91C2 Overall profit: =2.91C2 - 2.796C2 = 0.114C2 Overall percentage profit- =0.114C2 / 2.796C2 × 100 = 4.07%
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