Question

If the cost price of 10 shirts is equal to the selling price of 8 shirts, then Profit is $25\%$.

• A. Profit of
  
• B. Loss of

Answer 1

The correct option is A Profit of

Let the cost price of 1 shirt is ₹1
$\therefore$ the cost price of 10 shirts is ₹10
Given, C.P. of 10 shirts = S. P. of 8 shirts
S.P. of 8 shirts = ₹10
S.P. of 1 shirt $=\frac{10}{8}=₹\frac{5}{4}$
profit = S.P - C.P
$=\left(\frac{5}{4}\right)-\left(1\right)$
$=₹\frac{1}{4}$
$\text{Profit}\%=\left\{\left(\frac{1}{4}\right)\right\}\times 100\%=25\%$