Question : A shopkeeper earns 20% profit on his goods. He lost 20% of his goods during a theft. What is his profit or loss percentage?
Option 1: 4% loss
Option 2: 4% gain
Option 3: 6% gain
Option 4: 6% loss
Correct Answer: 4% loss
Solution :
Let the total number of goods be 100 and the cost price (CP) of each good be Re 1.
CP of total goods = Rs. 100
The selling price (SP) of each good = Rs. 1.2
Now, 20% of goods are lost. Then, 80 will be left.
Total sale = 1.2 × 80 = Rs. 96
Loss = CP – SP = 100 – 96 = Rs. 4
Loss percentage = 4%
Hence, the correct answer is '4% loss'.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Trending Articles around SSC MTS
