1.

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%

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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