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here is the correct answer
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Step-by-step explanation:
let the cost of the purse be : ₹ x
loss = 1/6 of ₹x
Cost Price = selling price + loss
x = 250+x/6
x-x/6 = 250
6x - x/6 = 250
5x/6 = 250
x = 250 × 6/5
x = 300
hence , the cost price of the purse is ₹300
Loss = Cost price - Selling price
= ₹(300-250)
= ₹50
Loss percentage = loss / cost price × 100
= 50/300 × 100
= 50/3%
= 16 unit 2/3 %
Hope it helps ⭐
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