A man buys 8 shirts for Rs. 4,000 and sells 6 of them for Rs. 3,900. If he discards the remaining 2 shirts, what is his overall gain or loss?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 100 loss.
CP of 8 shirts = 4000
CP per shirt = 4000/8 = 500
Sold 6 shirts for 3900 ⇒ SP per shirt = 3900/6 = 650
Profit on 6 shirts = 150 × 6 = 900
The remaining 2 shirts are discarded, so SP from them = 0
Loss = 4000 – 3900 = 100