an refrigerator brought for ₹25000 and sold for 20500. is it a profit or loss. find its percentage
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Answer:
loss= 25,000_20,500 ( purchase price _ sold price )
= 4,500
loss percentage = loss amount × 100 /cost price
=4,500×100/25,000
= 4,50,000/25,000
= 18%
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