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    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 places)?
    A 5% Correct Answer Incorrect Answer
    B 4.08% Correct Answer Incorrect Answer
    C 7.5% Correct Answer Incorrect Answer
    D 6.2% Correct Answer Incorrect Answer

    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 = 4.08%

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