A readymade cloth merchant purchased 20 shirts for 275 each. He sold 12 shirts at a
profit of 20%. The remaining shirts were sold at 6% loss. What is total profit%?
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A readymade cloth merchant purchased 20 shirts for 275 each. He sold 12 shirts at a
profit of 20%. The remaining shirts were sold at 6% loss. What is total profit%?
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Answer:
CP of 20 shirts = 20*275 = 5500
CP of 12 shirts = 12* 275
He sold the 12 shirt at a profit of 20%, so SP = 12 * 275 * 1.2 = 3960
CP of 8 shirts = 8*275
He sold those 8 at a loss of 6%
So SP = 8*275*94/100 = 2068
Total SP = 2068 + 3960 = 6028
Profit % = (6028-5500)/5500 * 100
=9.6%