Question

A man buys 5 shirts for Rs. 600 and sells 4 shirts for Rs. 440. Find percent of loss in fraction

Answer 1

Step-by-step explanation:

A man buys 5 shirts for Rs. 600 and sells 4 shirts for Rs. 440. Find percent of loss in fraction

Answer 2

Answer:

8.33% or 8 1/3 %

Step-by-step explanation:

cost price of 5 shirts for Rs.600

cost price of 1 shirt = 600/5 = 120

selling price of 4 shirts for Rs.440

selling price of 1 shirt = 440/4 = 110

loss %= (costprice - selling price / costprice) *100

         = (120 - 110 / 120) *100

         = (10/120)*100

         = 8.333%