Profit and Loss Practice Test 9

Question : 6 of 40

Marks: +1, -0

A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. What is his loss per cent?

Solution:

Let C.P. = Rs. 100, then S.P. = Rs. 110
The S.P. of remaining goods =

80/100

× Rs. 110 = Rs. 88
Since, loss% = 100 – 88 = 12%

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