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    A shirt is bought for $30 and sold for $40. Find the profit percentage.
    Question

    A shirt is bought for $30 and sold for $40. Find the profit percentage.

    A.

    25%

    B.

    11.11%

    C.

    30%

    D.

    33.33%

    Correct option is D

    Given:
    Cost price of the shirt = $30
    Selling price of the shirt = $40
    Formula Used:
    Profit Percentage = ProfitCost Price\frac{\text{Profit}}{\text{Cost Price}}​ × 100
    Solution:
    Profit = 40 - 30 = 10
    Profit Percentage = 1030\frac{10}{30}​× 100 = 33.33%

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