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If a shirt costs $40 and is sold for $50, what is the profit percentage?
Practice Questions
Q1
If a shirt costs $40 and is sold for $50, what is the profit percentage?
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30%
15%
Questions & Step-by-Step Solutions
If a shirt costs $40 and is sold for $50, what is the profit percentage?
Steps
Concepts
Profit Calculation
– Understanding how to calculate profit by subtracting the cost price from the selling price.
Profit Percentage
– Calculating profit percentage using the formula (Profit / Cost Price) * 100.
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