Ram bought a mobile for Rs. 4000. He sold it for Rs. 3200. Find his loss percentage.
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Answer:
Step-by-step explanation:
C.P of mobile = 4000
S.P of mobile = 3200
C.P > S.P
THEREFORE, it is a loss.
LOSS = C.P - S.P
= 4000 - 3200
= 800
loss percent = LOSS / C.P = 100%
= 800 / 4000 X 100
= 20%
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