My Learning Cart
?
Categories
Account

A shopkeeper bought a shirt for $50 and sold it for $70. What is the percentage

₹0.0
Login to Download
  • 📥 Instant PDF Download
  • ♾ Lifetime Access
  • 🛡 Secure & Original Content

What’s inside this PDF?

Question: A shopkeeper bought a shirt for $50 and sold it for $70. What is the percentage profit?

Options:

  1. 30%
  2. 40%
  3. 50%
  4. 60%

Correct Answer: 40%

Solution: 

Profit = Selling Price - Cost Price = 70 - 50 = $20. Profit Percentage = (20 / 50) * 100 = 40%.

A shopkeeper bought a shirt for $50 and sold it for $70. What is the percentage

Practice Questions

Q1
A shopkeeper bought a shirt for $50 and sold it for $70. What is the percentage profit?
  1. 30%
  2. 40%
  3. 50%
  4. 60%

Questions & Step-by-Step Solutions

A shopkeeper bought a shirt for $50 and sold it for $70. What is the percentage profit?
  • Step 1: Identify the cost price of the shirt, which is $50.
  • Step 2: Identify the selling price of the shirt, which is $70.
  • Step 3: Calculate the profit by subtracting the cost price from the selling price: $70 - $50 = $20.
  • Step 4: To find the profit percentage, divide the profit by the cost price: $20 / $50.
  • Step 5: Multiply the result by 100 to convert it to a percentage: (20 / 50) * 100.
  • Step 6: Calculate the final result: 0.4 * 100 = 40%.
  • Profit Calculation – Understanding how to calculate profit by subtracting the cost price from the selling price.
  • Percentage Calculation – Calculating the profit percentage using the formula (Profit / Cost Price) * 100.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely
Home Practice Performance eBooks