Two shirts were sold, out of which the price of one shirt was 250 more than the
other and its price was 60% of the sum of both their prices. Find the price of both the
shirt
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Answer:
Below is the list of some basic formulas used in solving questions on profit and loss:
Gain % = (Gain / CP) * 100
Loss % = (Loss / CP) * 100
SP = [(100 + Gain%) / 100] * CP
SP = [(100 – Loss %) / 100]*CP
The above two formulas can be stated as,
If an article is sold at a gain of 10%, then SP = 110% of CP.
If an article is sold at a loss of 10%, then SP = 90% of CP.
CP = [100 / (100 + Gain%)] * SP
CP = [100 / (100 – Loss%)] * SP
Step-by-step explanation:
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