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) About Me  (Show Source):
You can put this solution on YOUR website!
The % gain ( or loss ) is:
+%28%28+p+-+c+%29+%2F+c%29%2A100+ where
+p+ = selling price
+c+ = cost
( for a certain numberof items )
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For convienence, I will say that the cost
price of 11 shirts is $110.
That means the cost of 10 shirts is
+%2810%2F11%29%2A110+=+100+
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The selling price of 10 shirts is $110
( the cost of 11 shirts )
Plug into formula:
+%28+110+-+100+%29+%2F+100+=+10%2F100+
+%28+10%2F100+%29%2A100+=+10+
10% gain