Amrish bought 4 sweaters at250 each and sold themat F 275 each. What w – InterviewSolution

1.

Amrish bought 4 sweaters at250 each and sold themat F 275 each. What was his profit or loss per cent

Answer»

Total cost price of 4 sweaters CP = 4*250 = 1000

Total selling price of 4 sweaters SP = 4*275 = 1100

Then, Profit % = [(SP - CP)/CP]*100= [(1100 - 1000)/1000]*100= 100/10= 10%

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