Question

If the cost price of 10 shirts is equal to the selling price of 8 shirts, then which of the following is true for the transaction?

A
Profit of

B
Loss of
C
Profit of

D
Loss of

Solution

The correct option is C Profit of  Let the cost price of 1 shirt is Re.1 So, the cost price of 10 shirts is Rs.10 As per problem, C.P. of 10 shirts = S. P. of 8 shirts S.P. of 8 shirts = Rs. 10 S.P. of 1 shirt = Rs. 108 = Rs. 54 So, profit = S.P – C.P = Rs. (54) – Re.(1) = Rs. 14 Profit % = {(14)} × 100% =25%  Mathematics

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