/Amrish bought 4 sweaters at 250 each and sold them
at 275 each. What was his profit or loss percent ? please tell
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His profit will be 10%.
Given data :
He bought 4 sweaters at ₹250/piece.
He sold 4 sweaters at ₹275/piece.
So,
Total purchase price = (250×4) = ₹1000
Total selling price = (275×4) = ₹1100
Total profit = (1100-1000) =₹100
(When the selling price is greater than the purchase price then the deal is considered as profitable deal)
Profit percentage = 100× 100/1000 = 10% (answer)
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