Each time the vessels pass through a merchant, their number is multiplied by $.9$. Thus after $20$ merchants, the number of vessels is multiplied by $.9^{20} \approx 0.12158$. So in the end you have $10000(0.12157665459) \approx 1215.8$ vessels.
Each time the vessels pass through a merchant, their number is multiplied by $.9$. Thus after $20$ merchants, the number of vessels is multiplied by $.9^{20} \approx 0.12158$. So in the end you have $10000(0.12157665459) \approx 1215.8$ vessels.