Question

A readymade cloth merchant purchased 20 shirts for 275 each. He sold 12 shirts at a
profit of 20%. The remaining shirts were sold at 6% loss. What is total profit%?​

Answer 1

Answer:

CP of 20 shirts = 20*275 = 5500

CP of 12 shirts = 12* 275

He sold the 12 shirt at a profit of 20%, so SP = 12 * 275 * 1.2 = 3960

CP of 8 shirts = 8*275

He sold those 8 at a loss of 6%

So SP = 8*275*94/100 = 2068

Total SP = 2068 + 3960 = 6028

Profit % = (6028-5500)/5500 * 100

=9.6%