Question

By selling a tv for rs. 8,000, a shopkeeper loses 20%of his cost. If he sells it for rs. 11,000,what profit or loss would be there for him? ​

Answer 1

Answer:

Explanation:

SP=Rs.8,000

lost%=20%

now,

l%=CP-SP/CP*100%

20%=CP-8,000/CP*100%

20CP=100CP-8,00,000

8,00,000=80CP

CP=Rs.10,000

now,

SP=Rs.11,000

CP=Rs.10,000

We know that,

Profit=SP-CP

=11,000-10,000

=Rs.1,000 Answer.............