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Question
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:
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Solution
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
∴ Total sale = Rs. (1.10 x 80) = Rs. 88.
Hence, loss % = (12100×100)%=12
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
∴ Total sale = Rs. (1.10 x 80) = Rs. 88.
Hence, loss % = (12100×100)%=12
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