Question

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

Answer 1

Answer:

Loss % is 20%

Step-by-step explanation:

selling price at 80% of cost price.

let the cost price be X.

selling price be 80/100x =0.8x.

so loss = cost price - selling price.

loss = X - 0.8x

loss = 0.2 X

so , Loss% would be

0.2 divided by X multiply hundred

= 20%

Hence , loss % is 20%

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