The Cost price and Selling price of a water container is * 800 and 770 respectively. Is there profit
or Loss and find Profit % or Loss %
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Answer:
Cost price = Rs 800
Selling price = Rs 770
Since CP is more than SP therefore there is loss
Loss = CP - SP
= Rs 800 - Rs 770
= Rs 30
Loss% = Loss/CP × 100
Therefore loss% = 30/800 × 100%
= 30/8
= 15/4
= 3.75%
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