The percentage of loss when an artical is sold at rs 50 is the as that of profit when it is sold at rs 70.the above mentioned percentage of profit or loss on the artical is
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The buying price be x.
The loss = x - 50
The profit = 70 - x
x - 50 = 70 - x
2x = 70 + 50
2x = 120
x = 120/2
x = 60
The percentage profit or loss is :
70 - 60 = 10
10/60 × 100 = 16.67%
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