by selling a watch for 1000 i incureed a loss of 100 what percent did loss
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To find : loss percent
Given : selling price (S.P) =
loss =
Solution :
- We know that, when (C . P) > (S . P) then it is a loss.
- We also know that ,
- Then, to find loss percent we have following formula-
Hence, loss percentage is .
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