If the 10kg rice is sold for the cost price of 8kg rice , find the loss percent.
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Answer:
25% is the answer
Step-by-step explanation:
let the CP of 8 kg rice be x
so CP of 10 kg rice = 10x/8
SP of 10 kg rice according to question= x(CP of 8kg rice)
loss percent= (CP-SP)/CP *100
= (10x/8 - x)/x*100
= (2x/8)/x*100
= 2/8*100
= 1/4*100
=25%
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