1. Find the gain or loss per cent when the following parameters are given.
i. CP= 12500 and SP= 13000
il. CP= 1600 and SP= 1280
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Answer:
i) Gain = 13000-12500
= 500
Gain percent = (500/12500×100)%
= 4%
ii) Loss = 1600-1280
= 320
Loss percent = (320/1600×100)%
= 20%
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