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The marked price of a shirt is Rs 1800 a...

The marked price of a shirt is Rs 1800 and retailer gets a discount of 40%. If he sells that shirt for Rs 1800, then what is the profit percentage of retailer?

A

40

B

66.66

C

`37.5`

D

`62.5`

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage of the retailer when selling the shirt, we can follow these steps: ### Step 1: Calculate the Discount Amount The marked price (MP) of the shirt is Rs 1800, and the retailer receives a discount of 40%. \[ \text{Discount} = \text{Marked Price} \times \frac{\text{Discount Percentage}}{100} \] \[ \text{Discount} = 1800 \times \frac{40}{100} = 1800 \times 0.4 = 720 \] ### Step 2: Calculate the Cost Price (CP) The cost price can be calculated by subtracting the discount from the marked price. \[ \text{Cost Price} = \text{Marked Price} - \text{Discount} \] \[ \text{Cost Price} = 1800 - 720 = 1080 \] ### Step 3: Determine the Selling Price (SP) The selling price is given as Rs 1800. \[ \text{Selling Price} = 1800 \] ### Step 4: Calculate the Profit Profit can be calculated by subtracting the cost price from the selling price. \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] \[ \text{Profit} = 1800 - 1080 = 720 \] ### Step 5: Calculate the Profit Percentage The profit percentage can be calculated using the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{Cost Price}}\right) \times 100 \] \[ \text{Profit Percentage} = \left(\frac{720}{1080}\right) \times 100 \] \[ \text{Profit Percentage} = \left(\frac{720 \div 360}{1080 \div 360}\right) \times 100 = \left(\frac{2}{3}\right) \times 100 \] \[ \text{Profit Percentage} = 66.67\% \] ### Final Answer The profit percentage of the retailer is **66.67%**. ---
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