A shopkeeper buys 10 sarees for ₹12000 2 were damaged and the rest were sold at 1250 each. Does the shopkeeper incur profit or loss? Express it as a percentage.
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cost of one saree = 12000/10 = 1200
cost of 8 saree with profit = 1250x8 = 10000
cost price is more than selling price, so it is a loss
loss % = 12000/10000 X 100 = 12%
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