Mohan purchases some mattresses for *₹ 7,250. After some time he sold them for ₹ 6,090. Find out loss percentage.
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Given,
the cost price( purchase price) for mohan= Rs7250
the sell price for mohan = Rs6090
since the sell price is less than cost price,
thus the loss = 7250-6090= Rs1160
the loss%= (1160/7250)100= 16 Rs
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