A merchant bought a sofa set for 18000 . He
sold it to his friend for & 17305. If the
merchant had spent 1300 in transport find
his gain or loss.
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Answer:
Cost price = 18000
Money spent on transport = 1300
Total cost price = 18000 + 1300 = 19300
Selling price = 17305
Cost Price > Selling price
Loss = 19300 - 17305 = 1995
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