A shopkeeper buys an article for rupees 280 and sells it for rupees 240. Find his gain or loss percent.
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40/280× 100=100/7.The loss percentage is equal to 14.28%
Khalidbinamir0408:
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Cost price of article = Rs 280
Sold price of article = Rs 240
Since C.P > S.P, it is loss
Loss = C.P - S.P = Rs 40
Loss% = Loss/C.P * 100
= 40/280 *100 = nearly 14.28% loss
Sold price of article = Rs 240
Since C.P > S.P, it is loss
Loss = C.P - S.P = Rs 40
Loss% = Loss/C.P * 100
= 40/280 *100 = nearly 14.28% loss
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