b) If loss is L% and cost price is C.P., what will be the selling price?
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Then sp will be selling prize
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Answer:-
The formulas for profit and loss percentage are given below:
1. Profit percentage(P%) = (Profit /Cost Price) × 100.
2. Loss percentage(L%) = (Loss / Cost price) × 100.
3. S.P. = {(100 + P%)/100} × CP(if SP > CP)
4. S.P. = {(100 – L%)/100} × CP(if SP < CP)
5. C.P. = {100/(100 + P%)} × SP(if SP > CP)
6. C.P.
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