A radio set was marked 40% above the cost price and a discount of 30% was given on its Marked price.find the gain or loss percent
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Answer:
let c.p be X
M.p=X+40x/100=140x/100
s.p=140x/100-140x/100×30/100=140x/100-42x/100=98x/100
loss=x-98x/100=2x/100
loss%=2x/100÷x×100=2%
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