Question

A garment store bought 50 shirts at the rate of Rs 400 per shirt and sold all of them for Rs 18400. Find its profit or loss percentage.

Answer 1

He would be at a loss of 8%.
Because total CP is (400×50)=20000
And SP is 18400
So CP>SP, then it is loss
Loss= CP–SP=1600
Loss%=(loss/CP) × 100
= (1600/20000)×100
= 8

Hope it would help!
#Aj

Answer 2

Cost of one shirt =400

cosy of 50 shirts=400*50=20000

thus he suffered loss

amount loss=20000-18400=1600

loss percentage =x

NOW

(x/100)*20000=1600

200x=1600

x=8%

Thus loss=8%
MARK BRAINLIEST.