A shopkeeper sells his goods at 80% of their cost price. Find his percent gain or loses?

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Solution

Let C.P. of goods = Rs. 100
$∴$ S.P. of goods = $\frac{80}{100} \times 100 = R s . 80$
Loss = C.P. - S.P.
= Rs. 100- Rs. 80 = Rs. 20
Loss % = $\frac{L o s s}{C . P .} \times 100$
= $\frac{20}{100} \times 100$ = 20%

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