(b) CP = 700 and SP = 637 find the percentage of loss or profit
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Answer:
9%
Explanation:
CP=700
SP=637
as sales price is less than CP so he would be in loss
Loss=CP-SP
Loss=700-637
Loss=63
Loss%=(Loss/CP)×100
Loss%=(63/700)×100
Loss%=0.09×100
Loss%=9%
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