If a cricket bat is bought for Rs 1110 and sold for Rs 1054.5, find the loss%.
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Answer:
CP = Rs 120
SP = Rs 105
==================
Loss = CP - SP
Loss = 120 - 105
loss = 15
××××××××××××××××××××
Loss % = loss/CP × 100
Here,
loss % = 15/120 × 100
loss % = 15/12 × 10
loss % = 12.5 %
I hope this will help you
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