A man purchase a bag for rs 200 and sold it for rs 150. Find the gain or loss percent
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Solution :
Cost price of the bag ( CP)= Rs200
Selling price ( sp ) = Rs 150
C.p > s.p
Therefore , he gets loss
Loss = c.p - s.p
L = 200 - 150 = Rs 50
Loss percentage = ( L × 100 )/c.p
= ( 50 × 100 )/200
= 25 %
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