A vendor bought 120 shirts at the rate of Rs. 375 per shirt and sold them for Rs. 48,600. What is his gain/loss percentage?
Given:
Cost price per shirt = Rs. 375
Number of shirts = 120
Selling price = Rs. 48,600
Formula Used:
Solution:
Total cost price = 120 × 375 = Rs. 45,000
Gain = 48,600 - 45,000 = Rs. 3,600
Gain %
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