Question

Sanjay sell shirts at a profit of 12.5% and then invests the proceeds in purchasing a lot of trousers, which he sells at a profit of 20%. If he makes a net profit of Rs. 700, the cost of the shirts was?

Answer 1

1. Cost of Trousers 80% = ? (Ans. 2800)

(+) Profit 20% = 700

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Sales 100%

2. Cost of Shirts 87.5% = ? (Ans. 19,600)

(+) Profit 12.5% = 2,800 (i.e Cost of Trousers)

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Sales 100%

Final ans: The Cost of the Shirt is Rs. 19,600