A garment store bought 50 shirts at the rate of ₹400 per shirt and sold them for ₹18 400. Find his profit or loss
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Answered by
3
Answer:
Given :
Number of shirts = 50
Cost of each shirt = 400
To find = loss percent
solution:
CP = 400 * 50 = 20000
CP >SP
Loss = CP - SP
= 1600 rs
Loss percent : 1600/20000*100
= 8percentage
Answered by
4
Cost price of 1 shirt = Rs. 400
Cost price of 50 shirts = Rs. 400 × 50 = Rs. 20000
Selling price = Rs. 18400
Since,cost price is greater than selling price,loss incurs,
Loss =Rs.20000 - Rs.18400
= Rs. 1600 (Ans)
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