Question

By seeling a tv for rupees 8000,a shopkeeper losese 20% of his cost if he selles it for rs 11000.what profit or lose would be their for him.

Answer 1

hey mate
the selling price of tv is rupees 8000,
but by selling it in rupees 8000 the shopkeeper have to face 20% loss.
so,the cost price of that tv is rupees 10000.
and if he sells it on rupee 11000
then the profit he gain=selling price-cost price
gain=11000-10000=1000
and the profit percentage=(profit/cost price)×100
profit %=(1000/10000)×100
profit percentage=10%
hope it will help u.