Deepak sells 50 shirts at the cost price of 60 shirts.His gain percent is:
2024
Deepak sells 50 shirts at the cost price of 60 shirts.His gain percent is:
- A.
0.15
- B.
0.1
- C.
0.25
- D.
0.2
Attempted by 107 students.
Show answer & explanation
Correct answer: D
Solution:
Let the cost price of one shirt be 100 (choose 100 to make percentage calculation easy).
Total cost of 50 shirts = 50 × 100 = 5000.
Amount received by selling 50 shirts = cost of 60 shirts = 60 × 100 = 6000.
Profit = 6000 − 5000 = 1000.
Profit percent = (1000 / 5000) × 100% = 20% = 0.2.
Therefore the gain percent is 20%, i.e., 0.2.