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If the cost of 12 shirt is equal to the selling price of 8 shirt, the profit percentage in the transaction is?1. 20%2. 50%3. 40%4. 30% |
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Answer» Correct Answer - Option 2 : 50% Given: Cost of 12 shirts = Selling price of 8 shirts Formula used: Profit% = (Profit/CP) × 100% Calculation: Let the cost of 12 shirts be Rs. 12 SP of 8 shirts = Rs. 12 Cost of 8 shirts = Rs. 8 Gain = Rs. (12 – 8) ⇒ Rs. 4 Gain% = (4/8) × 100% ⇒ 50% ∴ The profit percentage in this transaction is 50% |
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