a person gains 8% by selling a tape recorder for 972 if he would have sold it for rupees 870 to his loss would have been (in rupees)?
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Step-by-step explanation:
sp = 972, g% = 8
sp = cp(1+g%)
972 = cp(1+8%)= cp(1+.08) = 1.08cp
cp = 972/1.08 = 900
sp = 870
loss% = cp-sp/cp ×100
=900-870/900 ×100 = 30/9 = 3.33%
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