Mathematics
NULL
Medium
Question
A fair-price shopkeeper takes 10% profit on his goods but loses 20% of goods to theft. His loss percent is ________?
A
8
B
10
C
11
D
12
✓ Official correct answer
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A
8
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B
10
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C
11
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D
12
No member explanations yet for this option.
Explanation
If goods worth 100 are stocked and 20 are stolen, selling the remaining 80 at 10% profit on cost yields sale = 88 against cost 100, i.e. 12% loss.