Question

10. Suresh bought two shirts for 500. One of them
he sold at 12% lost and other he sold at 8%
gain. Thus, Suresh has no gain no loss. Find the
cost price of each shirt.​

Answer 1

Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit). Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).