A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is · ABC26GN2715
Subject: General Aptitude · Chapter: Profit and Loss
A fair price shopkeeper takes 10\% profit on his goods. He lost 20\% goods during theft. His loss percent is
(a)8
(b)10
(c)11
(d)12
Answer
Answer (as printed): D
Explanation
Suppose he has 100 items. Let C.P. of each item be ₹ 1. Total cost $=₹ 100$. Number of items left after theft $=80$. S.P. of each item = ₹ 1.10. ∴ Total sale $=₹(1.10 \times 80)=₹ 88$. Hence, Loss\% $=\left(\frac{12}{100} \times 100\right) \%=12 \%$.
Explanation as extracted from the printed page; notation may be imperfect.