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The readymade cloth merchant purchased 20 shirts for 275 each. he sold 12 shirts at a profit of 20% the remaining shirts were sold at 6% of loss what is the total profit in percent?
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The readymade cloth merchant purchased 20 shirts for 275 each. he sold...
Total Cost of Shirts
- The readymade cloth merchant purchased 20 shirts at a cost of 275 each.
- Total Cost = 20 shirts * 275 = 5500.
Sales of Shirts
- First Sale:
- Sold 12 shirts at a profit of 20%.
- Selling Price per shirt = Cost Price + Profit = 275 + (20% of 275).
- Profit = 0.20 * 275 = 55.
- Selling Price per shirt = 275 + 55 = 330.
- Total Sale from 12 shirts = 12 * 330 = 3960.
- Second Sale:
- Remaining shirts = 20 - 12 = 8 shirts.
- Sold at a loss of 6%.
- Selling Price per shirt = Cost Price - Loss = 275 - (6% of 275).
- Loss = 0.06 * 275 = 16.5.
- Selling Price per shirt = 275 - 16.5 = 258.5.
- Total Sale from 8 shirts = 8 * 258.5 = 2068.
Total Revenue
- Total Revenue = Revenue from first sale + Revenue from second sale.
- Total Revenue = 3960 + 2068 = 6028.
Total Profit Calculation
- Total Profit = Total Revenue - Total Cost.
- Total Profit = 6028 - 5500 = 528.
Profit Percentage
- Profit Percentage = (Total Profit / Total Cost) * 100.
- Profit Percentage = (528 / 5500) * 100 ≈ 9.6%.
Conclusion
- The total profit percentage from the sales of the shirts is approximately 9.6%.
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The readymade cloth merchant purchased 20 shirts for 275 each. he sold 12 shirts at a profit of 20% the remaining shirts were sold at 6% of loss what is the total profit in percent?
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