Question

A shopkeeper suffer 5% loss each month. What is his percentage loss at the end of the year .

Answer 1

Answer:

His percentage loss at the end of the year is 46 %.

Step-by-step explanation:

He suffer 5 % loss each month:

100 % - 5 % (loss) = 95 % = 0.95

And for a year:

( 0.95 ) ^12 = 0.54

1 - 0.54 = 0.46 = 46 %

This is his percentage loss at the end of the year.

Answer 2

46%

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