The ratio of the cost price and the selling price is 3:2 The loss percent is
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Step-by-step explanation:
Selling Price = SP
Cost Price = CP
Given CP = (3/2)*SP=1.5SP
Loss % = (CP-SP) /CP*100
Loss % = (1.5SP-SP)/1.5SP*100
Loss % = .5*100/1.5
Loss%=33.33%
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