Question

For a T-shirt, the cost is $60, the marked price is $85 and it finally is sold at $72. What is the profit/loss percentage? I need step by step explanation. If I found that you explained it briefly, I'd mark you as brainliest.

Answer 1

Answer:

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Step-by-step explanation:

Actuall price of T-shirt is.60

Marked price of T-shirt is. 85

Sold in.72

Profit=72-60=12

The profit percentage =12/60×100=20%

There is no loss.

Answer 2

Answer:

cost price(cp)= $60

sold price(sp)=$72

since sp is greater that cp so there is a profit

the formula to find profit is -

sold price(sp) - cost price(cp)=profit

72-60=12

profit =$12

profit%=profit/cp×100

profit%=12/69×100

profit%=20%

The profit is $12 and profit% is 20% (answer)