Answering Exams

A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is:________?

A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is:________?

A. 8
B. 10
C. 11
D. 12 (Correct)

Explanation:

Suppose he has 100 items. Let C.P. of each item be Re. 1.

Total cost = Rs. 100. Number of items left after theft = 80.
S.P. of each item = Rs. 1.10
Total sale = 1.10 * 80 = Rs. 88
Hence, loss % = 12/100 * 100 = 12%

 

Comments
Loading...
Share