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A shopkeeper sells his goods at 80% of their cost price. Find the percent gain or losses? - Mathematics

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Question

A shopkeeper sells his goods at 80% of their cost price. Find the percent gain or losses?

Sum
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Solution

Let C.P. of goods = Rs.100

∴ S.P. of goods =`80/100xx100` = Rs.80

Loss = C.P. − S.P.

= Rs.100 − Rs.80 = Rs.20

Loss% =`"Loss"/"C.P."xx100`

`=20/100xx100=20%`

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Chapter 8: Profit, Loss and Discount - Exercise 8 (A) [Page 90]

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Selina Concise Mathematics [English] Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (A) | Q 10 | Page 90
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