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A retailer bought a shirt for $30 and sold it for $45. What is the profit percen
Practice Questions
Q1
A retailer bought a shirt for $30 and sold it for $45. What is the profit percentage?
50%
40%
30%
20%
Questions & Step-by-Step Solutions
A retailer bought a shirt for $30 and sold it for $45. 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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