SOLUTION: If the cost price of 11 shirts is equals to the selling price of 10 shirts.Find the profit or loss%.
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Question 1090974: If the cost price of 11 shirts is equals to the selling price of 10 shirts.Find the profit or loss%.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The % gain ( or loss ) is:
where
= selling price
= cost
( for a certain numberof items )
------------------------------
For convienence, I will say that the cost
price of 11 shirts is $110.
That means the cost of 10 shirts is
---------------------------------
The selling price of 10 shirts is $110
( the cost of 11 shirts )
Plug into formula:
10% gain
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