a machine is sold from rupees 5500 at a gain of 10% what would have been the gain or loss percent if it had been sold from rupees 4000 ?
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Answer:
20% loss is correct answer
Step-by-step explanation:
SP=5500
Profit=10%
Cost price=5500×100/110
=5000₹
Again SP=4000
Loss=5000-4000
=1000₹
Loss%=1000/5000×100
=20%
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