a dealer bought 18 tables at ₹550 per table, he sold 12 of them at ₹650 per table and the remaining table at 500 rupees per table. find his gain or lose per cent
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In calculating any percentage change, the increase or decrease is expressed as a percentage of the first value. Buying comes before selling , thus, profit or loss is expressed as a percentage of the buying price ( i.e., the cost price ) and not of the selling price.
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