If a $408 Vase is sold for $510, express the gain as a percentage of the cost price ($408)
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1
Answer:
Selling price is 4/5 of cost price
let CP = x
SP = 4/5 of x = 4x/5
Loss= CP - SP = x - 4x/5 = x/5
Loss% = loss/CP * 100
= (x/5) / x * 100
= 100/5
= 20%
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Step-by-step explanation:
Answered by
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Hello friends .
I am here to help you.
Cost price of flower vase = Rs 120
Loss percentage = 10%
By using formula for Selling price,we have : (100-L%/100)*C.P = (90/100)*120=Rs 108
Answer : The price at which it is sold is Rs 108.
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