A shirt is sold for Tk. 1500 at a profit of 20%. What would have been the actual profit or loss if it had been sold for Tk. 1200?

Question: A shirt is sold for Tk. 1500 at a profit of 20%. What would have been the actual profit or loss if it had been sold for Tk. 1200?

Solution:
Firstly let us find the cost price of the same. C.P. = 1500 × (100/120) = 1250.
New selling price = 1200
Loss = 1250 - 1200 = 50

∴ Loss percentage = 100 × (50/1250)
= 4%.

If sold at Tk. 1200, there would be a loss of 4%.