BY SELLING A T.V FOR RS.8,000 A SHOPKEEPER LOSSES 20% OF HIS COST.IF HE SELLS IT FOR RS.11,000. WHAT IS THE PROFIT OR LOSS % WOULD BE THERE....................
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Answer:
Profit=10%
Explanation:
Given,
Selling Price of TV= Rs 8,000
Loss = 20%
A/Q:
8,000 = (80/100)×Cost Price of TV
Cost Price of TV= Rs 10,000
Now he sell it for = Rs 11,000
Profit% ={ (11,000-10,000)/10,000}×100
Profit %= (1000×100)/10000
Profit %= 10%
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