A shopkeeper sells goods at 10 % loss on cost | vedclass

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(C) Let the cost price of $1000 	ext{ g}$ of goods be $1000$ units.Since the shopkeeper sells at a $10 \%$ loss,the selling price of $1000 	ext{ g}$

Vedclass · Accepted Answer

$12 \frac{1}{2} \%$ gain

Vedclass · Answer

(C) Let the cost price of $1000 	ext{ g}$ of goods be $1000$ units.Since the shopkeeper sells at a $10 \%$ loss,the selling price of $1000 	ext{ g}$ is $1000 - 100 = 900$ units.The shopkeeper uses $20 \%$ less weight,meaning he actually sells $1000 - 200 = 800 	ext{ g}$ of goods.The cost price of $800 	ext{ g}$ of goods is $800$ units.Now,the shopkeeper sells $800 	ext{ g}$ for $900$ units.Profit $= 900 - 800 = 100$ units.Profit percentage $= (	ext{Profit} / 	ext{Cost Price}) 	imes 100 = (100 / 800) 	imes 100 = 12.5 \% = 12 \frac{1}{2} \% 	ext{ gain}$.

$A$ shopkeeper sells goods at $10 \%$ loss on cost price,but uses $20 \%$ less weight. What is his profit or loss percentage?

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