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 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 $=Rs.\frac{10}{8}=Rs.\frac{5}{4}$
So, profit = S.P - C.P
$=Rs.\left(\frac{5}{4}\right)-Re.\left(1\right)$
$=Rs.\frac{1}{4}$
Profit $\%=\left\{\left(\frac{1}{4}\right)\right\}\times 100\%$
$=25\%$