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.
Answer & explanation
Correct answer: option 2
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%