15. The marked price of a shirt was sh. 1800. A trader sold the shirt to a customer at a discount of [tex]$10 \%$[/tex] and made a profit of sh. 324. Calculate the percentage profit.

(3 marks)



Answer :

Sure, let's solve this problem step by step.

Step 1: Calculate the discount amount
The marked price of the shirt is sh. 1800 and there's a discount of 10%.

[tex]\[ \text{Discount amount} = \text{Marked price} \times \frac{\text{Discount percentage}}{100} \][/tex]

[tex]\[ \text{Discount amount} = 1800 \times \frac{10}{100} = 180.0 \text{ shillings} \][/tex]

Step 2: Calculate the selling price
The selling price is the marked price minus the discount amount.

[tex]\[ \text{Selling price} = \text{Marked price} - \text{Discount amount} \][/tex]

[tex]\[ \text{Selling price} = 1800 - 180 = 1620.0 \text{ shillings} \][/tex]

Step 3: Calculate the cost price
We know the trader made a profit of sh. 324. The cost price can be calculated by subtracting the profit from the selling price.

[tex]\[ \text{Cost price} = \text{Selling price} - \text{Profit} \][/tex]

[tex]\[ \text{Cost price} = 1620 - 324 = 1296.0 \text{ shillings} \][/tex]

Step 4: Calculate the percentage profit
The percentage profit is given by the profit divided by the cost price, multiplied by 100.

[tex]\[ \text{Percentage profit} = \left(\frac{\text{Profit}}{\text{Cost price}}\right) \times 100 \][/tex]

[tex]\[ \text{Percentage profit} = \left(\frac{324}{1296}\right) \times 100 = 25.0\% \][/tex]

Final Answer:
The percentage profit is [tex]\(25.0\%\)[/tex].