Mr Kadam bought a TV for Rs 16,400 and sold it
for Rs 13,120. What was his profit or loss per cent?
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cost price = ₹16,400
selling price = ₹13,120
cp > sp
loss = cp - sp
₹(16,400 - 13,120)
₹3280
loss % = loss / cp × 100
3280/16400 × 100
328 / 164 × 10
2× 10
20%
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