If cost price of 12 pencils is equal to the selling price of 15 pencils, then what is the loss percent ?
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Cp of 1 pencil be x
cp of 12 pencil=12x
sp of 15 pencil=12x
sp of 1 pencil=12x/15=4x/5
loss=x - 4x/5= 5x-4x/5=x/5
loss %= x÷5/x ×100=20%
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