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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.
7% Profit
7.25% Profit
8% Loss
6.25% Loss
Correct option is 4: 6.25%
The cost price of each Shirt is (8000/10) = Rs 800 The selling price of each Shirt is (9000/12) = Rs 750 Loss after selling each Shirt is 800 - 750 = Rs 50 So the Loss percentage is (50/800) x 100 = 6.25%
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