A man bought a scooter for 8500 and sold it for 8720,find his loss percent
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loss=8500-8720= -220
loss percent= -220*100/8500= -2.59℅ approx
loss percent= -220*100/8500= -2.59℅ approx
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cp= 8500
sp= 8720
since sp is greater than cp so the man will have a profit of = sp - cp =8720-8500= 220
now he will make a profit % not loss %
i.e profit % = 220/8500×100
= 2.58% profit not loss
sp= 8720
since sp is greater than cp so the man will have a profit of = sp - cp =8720-8500= 220
now he will make a profit % not loss %
i.e profit % = 220/8500×100
= 2.58% profit not loss
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