Ritika bought each set of 10 shirts at R

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Ritika bought each set of 10 shirts at Rs. 8000 and sold at Rs. 12000 for 12 shirts. Find out the profit or loss percentage.

Options:

7% Profit

25% Profit

8% Loss

6.25% Loss

Correct Answer:

25% Profit

Explanation:

The cost price of 10 shirts is = 8000

the cost price of one shirt = 800

The selling price of 12 shirts = 12000

the selling price of 1 shirt = 1000

Profit % (1000 - 800 ) × \(\frac{100}{800}\) = 25%