Question

by selling a TV for Rs 8000 A shopkeeper looses 20% of its cost if he sells it for RS 11,000 what profit or loss should be there for you

Answer 1

20% loss means , in ₹100,₹20 loss
so, selling price is 80.
but in given question the selling price is 8000.
ie. 80=8000
therefore, 1=100
so, 100= 10000
ie. cost price= ₹10000
so if we cancel TV on rate 11000 we can get profit of 1000.

Answer 2

$\huge\purple { Step\ by\ step\ explanation }$

Let the cost price of TV be x

20% of x

= x/5

according to question

x - (x/5) = 8000

4x/5 = 8000

x = (8000*5)/4

x = 10000

Given that

New selling price of TV is 11000

Profit = S.P. - C.P.

= 11000-10000

= 1000

Profit% = (profit/C.P)*100

= (1000/10000)*100

= 10

Hence the profit percent is 10%

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$\mathfrak\purple { ...I\ hope\ it\ will\ help\ you }$
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