Question

If a person is selling 8 shirts at the cost price of 10 shirts, then which of the following is true for the transaction? Pls do show the steps.
Loss of 25%,
Loss of 20%

Answer 1

Answer:

let the cp of 10 shirts = Rs.10

therefore sp of 8 shirts = Rs.10

and sp of 10 shirts = Rs. 12.5

gain = 12.5-10

= Rs2.5

gain% =

$\frac{2.5 \times 100}{10}$

= 25%