Find Profit or loss percentage:
1.If Cost price = Rs 200 and Selling price = Rs 240
2.If Cost price = Rs 400 and Selling price = Rs 360
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Answer:
1. CP = 200, SP = 240
Profit = 40
Percent = 40/200 = A/100
= 40/200 × 100
= 4000/200
= 40/2
= 20%
2. Loss = 40
Percent = 40/400 = A/100
= 40/400×100
= 4000/400
=40/4
= 10
=10%
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