8. If an item was sold for 720. there was a loss of 1/9 times the selling price. Find the percentage of loss in the transaction ?
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Answer:
10 %
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Step-by-step explanation:
C.P of the item= S.P + 1/9×S.P
S.P of the item= = ₹720
C.P of the item= ₹720+ 1/9×₹720 =₹800
Loss= ₹800-₹720= ₹80
Loss percentage = loss/C.P ×100% =80/800×100% =10% Ans.
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