Question

Deepak sells 50 shirts at the cost price of 60 shirts. His gain percent is​

Answer 1

Answer:

20%

Explanation:

suppose, the prize of 1 shirt is 100

50 x 100 = 5000. Total cost of purchase.

60 x 100 = 6000. Total value of goods sold.

Profit = 6000–5000=1000.

Profit % = 1000/5000x100=20%

so, the answer is 20%

Answer 2

The gain percent of Deepak = 20%

Given :

Deepak sells 50 shirts at the cost price of 60 shirts

To find :

The gain percent of Deepak

Concept :

Cost Price :

The amount paid to purchase an article or the price at which an article is made is known as cost price

Selling price :

The amount at which an article is sold is known as selling price

Profit :

If the selling price is greater than cost price the difference between selling price and cost price is called profit

Profit = Selling price - Cost price

Solution :

Step 1 of 3 :

Calculate Cost price and Selling price

Let price of 1 shirt = Rs. P

Since Deepak sells 50 shirts at the cost price of 60 shirts

Total Cost price = Rs. 50P

Total Selling price = Rs. 60P

Step 2 of 3 :

Calculate amount of gain

Now 60P > 50P

∴ Selling price > Cost price

So there is gain

Gain amount

= Rs. 60P - Rs. 50P

= Rs. 10P

Step 3 of 3 :

Calculate gain percent of Deepak

Hence the required gain percent of Deepak

$\displaystyle \sf{ = \frac{10P }{ 50P } \times 100 \% }$

$\displaystyle \sf{ = \frac{10}{50} \times 100 \% }$

$\displaystyle \sf{ = \frac{1}{5} \times 100 \% }$

$\displaystyle \sf{ = 20 \% }$

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