A fair-price shopkeeper takes 10% profit on his goods. He lost 20% goods during the theft. What is his loss percent?
Answer: 12
Explanation
Let the buyer has 100 items and each costs 1 Rs
The cost price of 100 items=100Rs
Profit percentage =10
So the selling price of one item=1+10/100
=1.1
No of items left after theft =100−20
=80
the selling price of 80 items =80×1.1
=88Rs
Loss % = (100)-(80)/100 (100) =12%
****
ND10-12-2022
This question appeared in
Past Papers (1 times)
DPP Department of Plant Protection Past Papers and Syllabus (1 times)
This question appeared in
Subjects (1 times)
MATHS MCQS (1 times)
Related MCQs
- A shopkeeper sells one-third of his goods at a profit of 10%, another one-third at a profit of 20%, and the rest at a loss of 6%.What is his overall profit percentage?
- A shopkeeper sold an article for Rs 540 at some profit .Had he sold it for Rs 470, then there would have a loss equal to one-sixth of the initial profit.what was the cost price (in Rs) of the article?
- In a shop, the profit on articles is 320 percent of the cost price. If the cost price increases by 25 percent but the selling price remains constant, approximately what percentage of the selling price is the profit?
- A shopkeeper buys an article for Rs 2 and sells it at a profit of 10 percent of the selling price What is the selling price of the article?
- Danish travels from A to B to buy goods which he can get 10% cheaper at B than A. If the expenses of the journey are Rs.15 and he makes a clear saving of Rs.10, what does he pays for the goods.
- Imran made a profit of 20 percent in the first year. Next year he had a loss of 25 percent on the capital he had at the beginning of the second year. What was his overall loss?
- The marked price of a photo-copier machine is Rs. 72,000. The machine was sold at a 5% discount. The shopkeeper still earned a profit of 14%. Find its cost price?
- The price which is paid to purchase goods is called _____?
- _________ is the rate at which the price of goods and services increases.
- A shopkeeper bought a book for RS. 560 and sold it for RS. 600. Find his profit percent?
