Question

a shopkeeper sells his goods at 80% of their cost price. Find his gain or loss percent​

Answer 1

Answer:

SP is less than CP. So it's a loss. Therefore the shopkeeper occured a loss of 20%.

add me to brainliest

Answer 2

Given data in the question are

a shopkeeper sells his goods at $80 %$%

let selling price be Rs $80$

and cost price be Rs $100$

We have to find his gain or loss in percentage

Here, the cost price is greater than selling price hence loss to a shopkeeper sells his goods

Loss=cost price - selling price

Loss=$\frac{100-80}{100} \times 100$ =$20%$%

Therefore,Loss is equal to $20 %$%