Question

A shopkeeper buys 10 sarees for ₹12000 2 were damaged and the rest were sold at 1250 each. Does the shopkeeper incur profit or loss? Express it as a percentage. ​

Answer 1

Answer:

cost of one saree = 12000/10 = 1200

cost of 8 saree with profit = 1250x8 = 10000

cost price is more than selling price, so it is a loss

loss % = 12000/10000 X 100 = 12%