A shopkeeper takes 10% profit on his goods. He lost 20% of his goods during a theft. What is his loss…
Taking the original cost as 100, the goods remaining after the theft cost 80. Selling these at a 10% profit on their cost yields 88, so the overall loss is 100 − 88 = 12%.
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A shopkeeper takes 10% profit on his goods. He lost 20% of his goods during a theft. What is his loss percent ?
Answer and explanation
Correct answer B
Taking the original cost as 100, the goods remaining after the theft cost 80. Selling these at a 10% profit on their cost yields 88, so the overall loss is 100 − 88 = 12%.
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