A Merchant Bought a quintal of potatoes for rs 4000. He sold all potatoes at Rs 390 per 10kg. Find His Profit Or Loss
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1 quintal = 100 kg
1 quintal potatoes CP = 4000
At per 10kg 10 bags can be sold (10 x 10)
so 390 x 10 = 3900
Hence SP = 3900
Since SP < CP
it's a loss
CP - SP = LOSS
4000 - 3900 = 100
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