a trader bought 8 kg paddy for rupees 400 for its cleaning up rate for paddy fall dawn due to excess of paddy in the market is solid at the rate of 41 per kg find his profit or loss percentage
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His loss percentage is 18%
Given, the cost price of the 8 kg paddy for the trader is Rs 400.
He sells the paddy at the rate of Rs 41 per kg.
So, the selling price of 8 kg paddy would be = Rs (41*8) = Rs 328
Since CP>SP, the trader incurs a loss.
Loss value = CP - SP = Rs(400-328)
= Rs 72
Loss% = [Loss/CP]*100%
= (72/400)*100%
= 18%
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