Question 68

Ritika bought each set of 10 shirts at Rs. 8000 and sold at Rs. 9000 for each set of 12 shirts. Find out the profit or loss percentage.

Solution

Ritika bought each set of 10 shirts at Rs. 8000.

Cost price of each shirt = $$\frac{8000}{10}$$ = Rs. 800

sold at Rs. 9000 for each set of 12 shirts.

Selling price of each shirt = $$\frac{9000}{12}$$ = Rs. 750

Here selling price is less than cost price. So loss percentage = $$\frac{\left(800-750\right)}{800}\times100$$

= $$\frac{50}{800}\times100$$

= $$\frac{50}{8}$$

= 6.25% loss

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