If chocolates were bought at the rate of 10 for ₹14 and sold at the rate of 12 for ₹15, find the percentage gain or loss
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Answer:
the cost price of 10 chocolates =Rs14
than,the cost price of 1 chocolate =Rs14/10=1.4
the selling price of 12 chocolates =Rs15
than,the selling price of 1 chocolate =Rs15/12=1.25
loss=cp-sp
=1.4 -1.25
= 0.15
loss%=loss/cp×100
=0.15/1.4 ×100
=10.71%
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