3. A toy is bought for 120 and sold for 105. The loss% is
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Step-by-step explanation:
Cost price of toy =Rs.120
Selling price of toy =Rs.105
Since (SP)<(CP), so there is a loss
Loss =(CP)−(SP)
=Rs.(120−105)
=Rs.15
Loss %={(Loss/CP)×100}
={15/120)×100}
={15/12)×10}
={150/12}
=12.5%
=12(1/2)%
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