Question

t shirt company makes polo shirts with expectation that it will earn a profit of 50% by selling each shirt at its marked price.but during delivery to show rooms,17% of shirts were completely solied and hence could not be sold, 18% of shirts were slightly soiled and hence could be sold at 70% of cost price and remaining was sold at marked price.what is % profit in whoile consignment ?

Answer 1

let's assume there are 100 shirts, with a cost of $100 each.

17 are not sold: $0
18 are sold for $70 each: $1260
65 are sold for $150 each: $9750

total income: 11010

profit is thus 1010/10000 = 10.1%