If the cost price is more than the selling price, then the shopkeeper has incurred WHAT IS THE ANSWER
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To calculate the selling price on this basis, the food costs have to be ... Profit or Gain: If SP is greater than CP then the seller is said to have profit or ... Q 1: Even after reducing the marked price of a transistor by Rs. 32, a shopkeeper makes a profit of 15%.
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If the cost price is more than the selling price the shopkeeper has incurred a loss of the amount of difference of the selling price from the cost price.
Hence it is a LOSS.
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