Question

By selling a T. V. for ₹8000 a shopkeeper loses 20% of his cost. If he sells it for ₹11000 what profit or loss would be there for him​

Answer 1

Answer:

T. V. = ₹8000

₹8000 x 20% = ₹1,600 (cost)

₹11000 - ₹8000 = ₹3,000

Answer 2

Solution:

Let the Cost Percent be x

= 8000

=> =8000

=> x = 10000

∴SP> CP

We have profit

Profit = 11000-10000

= 1000

Profit percent =

                       = 10%

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