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If a shirt costs $40 and is sold for $50, what is the profit percentage?

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Question: If a shirt costs $40 and is sold for $50, what is the profit percentage?

Options:

  1. 20%
  2. 25%
  3. 30%
  4. 15%

Correct Answer: 25%

Solution: 

Profit = Selling Price - Cost Price = 50 - 40 = 10. Profit Percentage = (10/40) * 100 = 25%.

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?
  1. 20%
  2. 25%
  3. 30%
  4. 15%

Questions & Step-by-Step Solutions

If a shirt costs $40 and is sold for $50, what is the profit percentage?
  • 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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