Question

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
• E. 9

Answer 1

The correct option is D

12

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

$\therefore$ Total sale = Rs. (1.10 x 80) = Rs. 88.

Hence, loss % = $\left(\frac{12}{100}\times 100\right)\%=12$