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If a shirt is sold for $30 after a profit of 50%, what was the cost price?

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Question: If a shirt is sold for $30 after a profit of 50%, what was the cost price?

Options:

  1. $20
  2. $25
  3. $15
  4. $10

Correct Answer: $20

Solution: 

Let Cost Price = x. Selling Price = x + 0.5x = 1.5x. 1.5x = 30, x = 30 / 1.5 = $20.

If a shirt is sold for $30 after a profit of 50%, what was the cost price?

Practice Questions

Q1
If a shirt is sold for $30 after a profit of 50%, what was the cost price?
  1. $20
  2. $25
  3. $15
  4. $10

Questions & Step-by-Step Solutions

If a shirt is sold for $30 after a profit of 50%, what was the cost price?
  • Profit Calculation – Understanding how to calculate profit based on cost price and selling price.
  • Percentage Increase – Applying percentage increases to determine selling price from cost price.
  • Algebraic Manipulation – Using algebra to solve for unknown variables in equations.
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