Question

Emeka bought 10 shirts for 7250. What is his total profit or loss if he sold them all at 925 each

Answer 1

(925-(7250/10))×10=2000 profit

Answer 2

Cost price of each shirt = 7250/10 = 725
profit = ((925-725)/725)x100
= 27.58%

So, net profit will be 27.58% if he sold them all at 925 each.

or we can say net profit in Rs will be
=(925-725)x10
=Rs2000