A fair price shopkeeper takes 10% profit on his goods.

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

Quiz

Answer/Solution

12%

Steps/Work

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%
Answer:D

Gain Calculator / Auto Solver

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

Calculated Answer

12

Step by Step Solution

In order to solve problem, you must evaluate 100 - (n0 + 100 - (n1 * (n0 + 100)) / 100).

n0 =10
n1 =20