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A shopkeeper buys t-shirts from a dealer at rate of
Rs.700 per t-shirt He sell them at a rate of
Rs-850 per t-shirt. He buys 10 t-shirts of same
type and at same rate. find the overall profit/
loss. Also profit percent /loss perfect
Answers
Answer:
Step 1: Remember the formula for the profit percentage
Cost price: the amount of money paid for the commodity.
Sale price: the value for which the commodity is priced
Selling Price > Cost Price
Profit = Selling Price - Cost Price
Profit percentage = \frac{\text{ Profit }}{\text{ Cost price }}
Cost price
Profit
* 100
Selling Prices < Cost Prices
Loss = Cost Price - Selling Price
Loss percentage = \frac{\text{ Loss }}{\text{ Cost price }}
Cost price
Loss
* 100
Step 2: Identify the information given
Cost price of the one t-shirt = 700
Selling price of the one t-shirt = 850
Total number of t-shirts = 10
Total cost of 10 t-shirts = 700 * 10 = 7000
Total selling price of 10 t-shirts = 10 * 850 = 8500
Step 3: Calculate the profit percentage
Selling Price (8500) > (7000) Cost Price
Profit = Selling Price - Cost Price
Profit = 8500 - 7000 = 1500
Profit percentage = \frac{\text{ Profit }}{\text{ Cost price }}
Cost price
Profit
* 100
= \frac{1500}{7000} * 100 =
7000
1500
∗100
= \frac{15* 10}{7} =
7
15∗10
= 21.42 =21.42%
Hence, Profit percentage = 21.42 =21.42%
Step-by-step explanation:
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