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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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