Ankit bought 25 shirt at the rate for2000 he sold shirt at 500 is it profit or loss
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Step-by-step explanation:
The question is tricky though very easy. I'll explain you by easiest way.. follow the steps…
Let the cost price (Cp) of 1 tee be - 1 Re
He purchased 50 tees so - 50 Rs is total Cp
He sold all tees at the price of 60 tees ie for - 60 Rs. (As 1 tee was of 1 rupee)
So total Cp and Sp are
Cp= 50 and Sp = 60
Profit = Sp- Cp
Profit = 60–50= 10 Rs.
Profit ℅ = (profit ÷ Cp) ×100
Ans is 20℅
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