Question

By selling a T.V. for 38,000, a shopkeeper loses 20% of his cost. If he sells it for
11,000, what profit or loss would be there for him?

Answer 1

Answer:

Let the CP be x.

Therefore,x-20/100x=8000

=4/5x=8000

=x=10000

Since SP‹CP

So,we have profit

Profit=11000-10000=1000

Profit percent=1000/10000*100

=10%

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