Raghu sells a book for rupees 280 making a loss equal to 1/8 of the cost price . find the loss percent and the cost price.
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Step-by-step explanation:
S.P.of 12 note book-C.P.of 12 note book=S.P. of 4 note book
C.P.of 12 note book=S.P.of 8 note book
Let C.P.of each note book=1 Rs.
Then C.P of 8 note book=8 Rs.
S.P. of 8 note book=12 Rs.
∴Profit=12−8=4
Profit %= 8
4×100=50
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