Question

A mit bought a stereo for Rs.4500 and sold it for Rs.4230 . Find his gain or loss %

Answer 1

cost price = 4500
 selling price = 4230

profit /(loss) = selling price - cost price 

                    =4230-4500
                    =(270)

Loss= (270)

loss percentage = (loss/ cost price )*100

                           =(270/4500)*100

loss percentage  =6%


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