A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods…
2026
A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during the theft. His loss percent is
- A.
16%
- B.
12%
- C.
10%
- D.
15%
Attempted by 608 students.
Show answer & explanation
Correct answer: B
Answer: 12%
Assume 100 items with cost price Re.1 each, so total cost = Rs.100.
After losing 20% items, items left = 80.
Selling price with 10% profit = Re.1 × 1.10 = Rs.1.10 per item.
Total revenue = 80 × 1.10 = Rs.88.
Loss = Total cost − Total revenue = 100 − 88 = Rs.12, so loss percent = (12/100) × 100% = 12%.