A calculate was purchased for RS 120 and was fold subsequently for 108 find the loss and gain per cent
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A calculator was purchased for Rs120
It was sold for Rs 108
It a case of loss because cost price is more than selling price
Loss=120/108=12
%of loss=loss/s.p×100
(Here ,s.p=selling price and 100 means the %)
=12/108×100
=0.11×100
=11% (Ans)
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