A wholesaler sells 25 shirts,but charges for 24 shirts from the retailer. What is the gain % of the retailer, if he sells all the 25 shirts at the marked price?
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Let Price of Shirt be Rs.1
Cost Price of 25Shirts bought at 24 Price -
therefore CP for retalier- Rs.24
Now he sold 25 Shirts at M.p i.e at 1X25= Rs. 25
profit of Rs.1
Profit % = (1/24)X 100 = 25/6%
Cost Price of 25Shirts bought at 24 Price -
therefore CP for retalier- Rs.24
Now he sold 25 Shirts at M.p i.e at 1X25= Rs. 25
profit of Rs.1
Profit % = (1/24)X 100 = 25/6%
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answer is this and hope it helps
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