Question

The cost of making a shirt is half of what the shirt normally sells for. today, however, the shirt is on a 15% discount from its normal price. what is the current price of the shirt?

Answer 1

Let the cost of the shirt be y and the price by the which the shirt is sold is 2y.

Now, let's calculate how much does 15% represent from the price of the shirt:
15% discount = (15/100) x 2y = 0.3y
Therefore, the shirt is sold for : 2y - 0.3y = 1.7y

This means that at 15% discount, the shirt is sold at 1.7 of its original cost.

Answer 2

Normal price represents the average price of the product by considering its cost of production and profits. The current price represents the final prices after any tax or deductions.

The discount is given as 15%. It would give the normal selling price to be x. Therefore, the cost of making the short would be, $\frac{x}{2}$.

The selling price after the given discount would be computed as below:

$x(1-\frac{15}{100} )\\=\frac{85x}{100}$

$\frac{85x}{100} *\frac{2}{x} \\=1.7$

Hence, at a discount of 15%, the shirt would be sold at 1.7 times the production cost of the shirt.

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