Multiple choice

A merchant sold 40 shirts at Rs. 6300. By selling these, he suffered a loss, which is equal to the cost price of 4 shirts. According to this information, which of the following statements is true?

  1. The cost price of one shirt is Rs. 150.

  2. The cost price of one shirt is Rs. 165.

  3. The cost price of one shirt is Rs. 170.

  4. The cost price of one shirt is Rs. 175.

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
AI explanation

Let the cost price of one shirt be C. The total cost price for 40 shirts is 40C, and the loss incurred is 4C. The selling price of the 40 shirts is the total cost price minus the loss, so 6300 equals 40C minus 4C, which means 6300 equals 36C. Solving for C, we divide 6300 by 36 to find that the cost price of one shirt is Rs. 175.

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