d) A merchant bought a sofa-set for 718,000. He sold it to his friend
15,750. If the merchant had spent 2,500 on transport, find his gaini
loss.
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Answer:
98.15% loss
Step-by-step explanation:
Total cost price = 718000+2500= 720500
Selling price = 15750
Loss % = CP - SP × 100 ÷ CP
= 98.15%
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