is the cost price of 11 shirts is equal to the selling price of 10 shirts find the percentage profit or loss
Answers
Define x:
Let the cost price of 1 shirt be x
Cost Price of 11 shirts = 11x
Find the selling price of 1 shirt:
Selling Price of 10 shirts = cost price of 11 shirts
Selling Price of 10 shirts = 11x
Selling Price of 1 shirt = 11x ÷ 10 = 1.1x
Find the profit or loss:
Selling Price > Cost Price => It is a loss
Loss = Selling Price - Cost Price
Loss = 1.1 x - x = 0.1x
Find the loss percentage:
Loss Percentage = (Loss / Cost Price) x 100
Loss Percentage = (0.1x / x ) x 100 = 10%
Answer: The shirts were sold at a loss of 10%
Answer:
Given :-
The cost price of 11 shirt is equal to the selling price of 10 shirts.
To Find :-
What is the percentage profit or loss.
Solution :-
Let, the cost price of one shirt be x
Then, cost price of 11 shirt be 11x
And, the cost price of 10 shirts will be 10x
Hence,
↛ Selling Price of 10 shirts = Cost Price of 11 shirts
Then, Selling Price of 10 shirts = 11x
As we know that,
✧ Selling Price is greater than Cost Price ✧
Hence, there will be profit.
Again, we know the,
✯ ✯
where,
S.P = Selling Price
C.P = Cost Price
Given :
Selling Price = 11x
Cost Price = 10x
According to the question by using the formula we get,
↪ Profit = 11x - 10x
➦ Profit = x
Now, we have to find profit percentage,
As we know that,
★ ★
where,
C.P = Cost Price
Given :
Profit = x
Cost Price = 10x
According to the question by using the formula we get,
⇒
⇒
⇒
➠