A shopkeeper takes 10% profit on his goods. He lost 20% of his goods during atheft. What is his loss per cent?
Question
Solution 1
Step 1: Let's assume the cost price of the goods is $100.
Step 2: The shopkeeper takes a 10% profit on his goods. So, the selling price of the goods is $110 (100 + 10% of 100).
Step 3: He lost 20% of his goods during a theft. So, the cost price of the stolen goods is $20 (20% of 100).
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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