Emeka bought 10 shirts for 7250. What is his total profit or loss if he sold them all at 925 each
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(925-(7250/10))×10=2000 profit
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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
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
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