a shopkeeper sells 5kg rice for the cost price of 4lg of rice. find his loss percent
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Answer:
let the price of 1kg rice be x
therefore price of 5 kg will be 5x
according to given condition shopkeeper sells 5kg rice at the price of 4kg
that means he sells 5kg rice for 4x rupees
therefore his loss percent=
(5x-4x)/4x *100
=1/4
=25%
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