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).
Step 4: Now 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.
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.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
A shopkeeper earns a profit of 15% after selling a book at 20% discount on the printed price. The ratio of the cost price and printed price of the book is?
On selling an article for Rs. 200, a man loses Rs. 20. Find his profit per cent.A10%B9*1/11%C11*1/9%D20%
A shopkeeper sells two watches for Rs. 300 each. On one he gains 20% and on the other, he loses 20%. His gain or loss percent in the whole transaction is :
A shopkeeper sells his goods at a profit of 10%. But he used weight of 800 gm instead of 1000 gm while buying. Find his actual profit.
A shopkeeper has 1000 kg of pepper. A part of this, he sells at 12% profit and 25% profit. Overall, he gains 18%. How many Kgs did he sell at 20% profit?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.