A shopkeeper purchased 12 T-shirts for Rs. 3,000 and sold them at 3 for Rs. 750. Calculate his loss or gain percent
Question
A shopkeeper purchased 12 T-shirts for Rs. 3,000 and sold them at 3 for Rs. 750. Calculate his loss or gain percent.
Solution
Step 1: Calculate the cost price of each T-shirt
The shopkeeper purchased 12 T-shirts for Rs. 3,000. So, the cost price of each T-shirt is Rs. 3,000 / 12 = Rs. 250.
Step 2: Calculate the selling price of each T-shirt
The shopkeeper sold the T-shirts at 3 for Rs. 750. So, the selling price of each T-shirt is Rs. 750 / 3 = Rs. 250.
Step 3: Compare the cost price and the selling price
The cost price of each T-shirt is Rs. 250 and the selling price of each T-shirt is also Rs. 250.
So, the shopkeeper neither made a profit nor a loss. The gain or loss percent is 0%.
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