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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
 
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B
Loss of  
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C
Profit of
 
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D
Loss of
 
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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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