A television is purchased at ₹5,000 and sold at ₹4,000. Find the lost percent.
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Answer:
loss percent is 10% ok that's easy
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Given
Purchases price of television (CP)=₹5,000
Selling price of ₹4,000.
To Find
Loss per cent
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Basic Concepts
=>The cost at which an articles is purchased is called its cost price (CP)
=>The cost at which an articles sold is called its selling price (SP).
⋆If SP is greater than CP then it is profit or gain.
⋆If CP is greater than SP then it is loss.
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IMPORTANT FORMULAE
Gain = (S.P.) - (C.P.)
Loss = (C.P.) - (S.P.)
Cost price of television =₹5,000
Selling price of television=₹4,000
CP> SP so,it's a loss
Loss=C.P -S.P
=₹5,000-₹4,000=₹1,000
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