If the C.P. of 11 shirts is equal to the S.P. of 10 shirts, find the % profit or loss.

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gsarora17's profile pic

gsarora17 | (Level 2) Associate Educator

Posted on

Let the CP of 11 shirts = x

 Therefore CP of 1 shirt = x/11

SP of 10 shirts = x   ( Given that CP of 11 shirts is same as SP of 10 shirts)

Therefore SP of 1 shirt = x/10

Profit on 1 Shirt = SP – CP

                        =   x/10 - x/11

                              = ( 11x-10x )/110

                               = x/110

 Profit %  =  Profit / CP   X 100

                     = (  x/110  / x/11  ) x 100

                     =   ( 11/110 )x 100

                      = 10

ishpiro's profile pic

ishpiro | College Teacher | (Level 1) Educator

Posted on

C.P. (Cost price) of 11 shirts equals S.P. (selling price) of 10 shirts. If it equals x, the cost of one shirt is `x/11` and the selling price of one shirt is `x/10` . Since 1/10 is greater than 1/11, the selling price is greater than the cost price, so there will be profit.

The percentage of profit is the ratio of money made by selling one shirt (selling price - cost price) to the selling price:

% profit = `(x/10-x/11)/(x/10) *100%` 

Simplify this fraction by multiplying numerator and denominator by 11*10:

`(11*x -10*x)/(11*x) *100% =1/11 *100% =9.09%`

So profit percentage is 9.09%.

t-rashmi's profile pic

t-rashmi | College Teacher | eNotes Newbie

Posted on

Please refer to the image for calculation steps.

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