Smith and Co. deals in steel bars. The company buys steel bars at $1,287 per tonne (1,000 kg). 4 they sell the steel bars for $30 per 10 kg, what is their percentage profit or loss?
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- Refer the attachment:)
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Sorry, But there is not enough information because we know that Selling Price is required and the question does not state that how much steel they have sold. And that's the reason we cannot solve it.
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