Question

If the cost price of 11shirts is equal to the selling price of 10 shirts,find the percentage profit or loss.

Answer 1

Answer:

9.1% loss

Step-by-step explanation:

Cost price of 11 shirts =Selling price of 10 shirts

• Selling price= cost price + profit

Profit here is minus as cost price is greater than selling price and the difference is:

• Profit%= -1/11*100%=-  9.1%

in other words

• 9.1% loss