find the loss or profit percent,if its cost price is 9/8 of its selling price
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Step-by-step explanation:
loss(L)=CP-SP
profit(P)=SP-CP
given cp=(9/8)sp
so sp=(8/9)cp
now loss=cp-sp=cp-(8/9)cp=1/9)cp
loss percntage=(L)/cp*100
=(1/9)cp/cp*100=100/9=11.11%
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