Question

a fair price shopkeeper takes 10%profit on his goods if he lost 20% of his good then what is the loss prevent

Answer 1

Hence loss % is 12%.!

Answer 2

Answer:

Loss %=12%

Step-by-step explanation:

Given : A fair price shopkeeper takes 10%profit on his goods if he lost 20% of his good.

To find : What is the loss prevent?

Solution :

Let the shopkeeper has 100 items.

Let the cost price of each item is Rs.1

Total cost = Rs.100

Number of items left after theft=80

Selling price of each item is Rs.1.10

Therefore, Total sale is $1.10\times 80=Rs.88$

Hence, Loss% is $L\%=\frac{12}{100}\times 100=12\%$