Question

By selling a T.V. for Rs8000,a shopkeeper loses 20% of his cost .If he sells it for Rs11000 ,what profit or loss would be there for him?

Answer 1

Answer:

10% profit

Step-by-step explanation:

100% - 20%= 80%

80%=Rs8000

1%=Rs8000/80

100%=Rs8000*100/80=Rs10000

Rs10000 is the actual cost of the T. V.

Rs11000-Rs10000=Rs1000

Rs1000 is the profit.

Rs1000/Rs10000=10%

So, 10% is the profit for him.