Question

If the cost price of 10 shirts is equal to the selling price of 8 shirts, then which of the following is true for thetransaction?
Profit of 20%,
Profit of 25%,
Loss of 25%,
Loss of 20%

Answer 1

Answer:

loss of 20%

Step-by-step explanation:

because 8 shirts are selling in the rate of 10 shirts

Answer 2

Answer:

=25%

Step-by-step explanation:

Let cp of 1 shirt be x.

Cp of 10 shirts =10x

Now,

Sp of 8 shirts= cp of 10 shirts

=10x

So, sp of 10shirts=10x/8*10

=25x/2

Profit=25x/2-10x=5x/2

Profit%=5x/2*1/10x*100