26) Rajiv bought 20 glasses for Rs 60 each. He sold 7 of them at Rs 65 each. 5 glasse
broke. The rest were sold at Rs 70 each. Find the gain or loss percent
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Answer:
Cost price = 20 x 60 = 1200
Selling price for 7 glasses = 7 x 65 = 455
Selling price for remaining glasses = 20 - (7 + 5) = 8 x 70 = 560
Total amount received = 455 + 560 = 1015
Loss = 1200 - 1015 = 185
Loss percentage = loss/ cost price x 100
= 185/1200 x 100 = 15.42%
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