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

HEY DEAR ...

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%

HOPE , IT HELPS ...