Question

23. The cost prices of two shirts are equal. One shirt is
sold for 20% profit and the other is sold for
10% loss. Find the overall profit percentage.​

Answer 1

Answer:

5%

Step-by-step explanation:

Let the CP of 1 shirt be 100.

So 1 shirt is sold at 20% profit i.e. at 120

and the other is sold at 10% loss i.e. 90

Total CP = 100+100 = 200

Total SP = 120+90 = 210

Profit = SP - CP

= 210 - 200

= 10

Profit % = Profit/CP ×100

= 10/200 × 100

= 5%