Question

If the cost price of 50 shirts is equal to the selling price of 40 shirts, what is the profit percentage is?
1. 5%
2. 10%
3. 20%
4. 25%

Answer 1

Correct Answer - Option 4 : 25%

Given:

Cost price of 50 shirts = Selling price of 40 shirts

Formula Used:

Profit percentage = {(S.P – C.P)/C.P} × 100

Calculation:

Let the C.P. of one shirt = Rs. 1

C.P. of 40 shirts = Rs. 40

C.P of 50 shirts = Rs. 50

S.P. of 40 shirt = Rs. 50

Profit = Rs. (50 – 40) = Rs. 10

Profit % = (10/40) × 100 = 25%

∴ Profit percentage is 25%