Question

Find the gain or loss percent if its selling price is 7/10th of its cost price

Answer 1

let Cost price (cp) be = ₹100

selling price (sp) = ₹ 7/10 × 100 = ₹70

loss = ₹(100 - 70) = ₹30

loss % = 30/100 × 100% = 30%

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