Question

Q7 The CP of 10 shirts is equal to SP of 8 shirts, then which of the following is

true for the transaction.

(a) Profit of 25%

(b) Loss of 25%

(c) Profit of 20%

(d) Loss of 20%

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Answer 1

Answer:

a) profit of 25%

cp/sp =4/5

1/4 *100=25

Answer 2

CP = 10

SP = 8

• If CP > SP then there is a loss.

Loss = CP - SP

Loss = 10-8

Loss = 2

$\boxed{\rm Loss \% = \dfrac{Loss}{Cost \ Price} \times 100}$

$\rm Loss \% = \dfrac{2}{10} \times 100$

$\rm Loss \% = 20$

$\rm Loss =20\%$

Therefore, option (d) is correct, i.e., Loss of 20%