A man buys 5 shirts for Rs. 600 and sells 4 shirts for Rs. 440. Find percent loss/profit.
Answers
Answered by
1
Answer:
25% loss because 4 shirts cost 480 but he is selling them in 440.
Answered by
0
Answer:
Loss ℅ is 8.33℅.
Step-by-step explanation:
Cost price(C.P) of 5 shirts = Rs. 600
Therefore, C.P of 1 shirt = 600/5 = Rs.120
Selling price( S.P) of 4 shirts= Rs.440
Therefore, S.P of 1 shirt= 440/4 =Rs. 110
Since C.P of 1 shirt is greater than the S.P, there is a loss
Loss= C.P- S.P = 120-110 = Rs.10
So, loss% =( Loss/C.P )× 100 =( 10/120)× 100 = 8.33℅ .
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