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On selling 25 shirts, a retailer earns p...

On selling 25 shirts, a retailer earns profit equal to the cost price of 8 shirts. What is the profit percentage?

A

47 .05

B

32

C

25

D

34.5

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage when selling 25 shirts, where the profit equals the cost price of 8 shirts, we can follow these steps: ### Step-by-Step Solution: 1. **Define the Cost Price (CP)**: Let the cost price of one shirt be \( X \). Therefore, the cost price of 25 shirts will be: \[ \text{CP of 25 shirts} = 25X \] 2. **Calculate the Profit**: According to the problem, the profit earned from selling 25 shirts is equal to the cost price of 8 shirts. The cost price of 8 shirts is: \[ \text{CP of 8 shirts} = 8X \] Thus, the profit (P) is: \[ P = 8X \] 3. **Determine the Selling Price (SP)**: The selling price (SP) can be calculated by adding the profit to the cost price: \[ \text{SP} = \text{CP} + \text{Profit} = 25X + 8X = 33X \] 4. **Calculate Profit Percentage**: The profit percentage is calculated using the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \] Substituting the values we have: \[ \text{Profit Percentage} = \left( \frac{8X}{25X} \right) \times 100 \] 5. **Simplify the Expression**: The \( X \) in the numerator and denominator cancels out: \[ \text{Profit Percentage} = \left( \frac{8}{25} \right) \times 100 \] Now, calculate \( \frac{8}{25} \): \[ \frac{8}{25} = 0.32 \] Therefore, \[ \text{Profit Percentage} = 0.32 \times 100 = 32\% \] ### Final Answer: The profit percentage is **32%**.
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