Question

if a shopkeeper suffered a loss of₹ 60 on selling 15 shirts for₹2,340 find the cost price of each shirt​

Answer 1

Answer:

Selling price of 15 shirts = Rs 2340

The loss suffered by the shopkeeper on selling 15 shirts = Rs 60

We know that

Loss = Cost price – Selling price

⇒ Cost price = Loss + Selling price

= Rs 60 + Rs 2340

= Rs 2400

So, cost price of 15 shirts = Rs 2400

Cost price of 1 shirt=Rs240015=Rs 160

Hence, cost price of each shirt = Rs 160

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