A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is:________?
Q1. A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is:________?
Answer: 12%
Explanation: 20% of goods are lost; only 80% are sold at 10% profit. Revenue = 0.80 × 1.10 × CP = 0.88 CP, giving a 12% loss.