A seller offers a combo deal: "Buy 3 shirts for the price of 2". If each shirt costs him Rs. 300, what is the effective loss percentage?
33.33%
The cost price for 3 shirts is \(3 \times 300 = 900\).
Since the combo charges for only 2 shirts, the selling price received is \(2 \times 300 = 600\).
The loss is \(900 - 600 = 300\).
The loss percentage is \(\frac{300}{900} \times 100 = \frac{1}{3} \times 100 = 33.33\%\).
Hence, the answer is 33.33%.
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Important Questions from Profit and Loss
By selling an article for Rs. 2,200, a profit of 10% is earned. If the same article is sold for Rs. 2,600, then what will be the gain percentage?
By selling an article for Rs. 640, a person loses 15% of its selling price. At what price (in Rs.) should he sell it to gain 15% on its cost price?
The selling prices of articles A and B are the same. A is sold at a profit of 28 percent and B is sold at a loss of 24 percent. If the total selling price of the both articles is Rs. 48640, then what is the cost price of A and B, respectively ?
The cost price of an article is Rs. 2800. Profit as a percentage of selling price is 20 percent. What is the actual profit (in Rs.) ?
A trader bought 640 kg of rice. He sold a part of rice at 20% profit and the rest at 5% loss. He earned a profit of 15% in the entire transaction. What is the quantity (in kg) of rice that he sold at 5% loss?
