ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!


    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) ┬а First shirt- Selling price (SтВБ = 1.94C2) Cost price (CтВБ =1.94C2/1.08 тЙИ 1.796C2) ┬а Total cost price: C1+C2=1.796C2+C2 = 2.796C2 Total selling price: S1+S2 =1.94C2+0.97C2 = 2.91C2 ┬а Overall profit: =2.91C2 - 2.796C2 = 0.114C2 ┬а Overall percentage profit- =0.114C2 / 2.796C2 ├Ч 100 = 4.08%

    Practice Next
    More Profit and loss Questions
    ask-question