A seller sells two shirts for Rs. 3,360. The cost of four such shirts for the shopkeeper was Rs. 5,600. What is the profit/loss percentage on each shirt?
- A10% profit
- B20% profit
- C25% profit
- D5% loss
Solution & Step-by-step Explanation
First, find the Cost Price (CP) per shirt:
CP of 4 shirts=Rs. 5,600
CP of 1 shirt=
4
5600
=Rs. 1,400
Next, find the Selling Price (SP) per shirt:
SP of 2 shirts=Rs. 3,360
SP of 1 shirt=
2
3360
=Rs. 1,680
Since SP>CP, there is a profit:
Profit per shirt=1680−1400=Rs. 280
Profit Percentage=(
1400
280
)×100=
14
280
=20%
CP of 4 shirts=Rs. 5,600
CP of 1 shirt=
4
5600
=Rs. 1,400
Next, find the Selling Price (SP) per shirt:
SP of 2 shirts=Rs. 3,360
SP of 1 shirt=
2
3360
=Rs. 1,680
Since SP>CP, there is a profit:
Profit per shirt=1680−1400=Rs. 280
Profit Percentage=(
1400
280
)×100=
14
280
=20%