Question 116
An article is sold for Rs. 300 at a profit of 20%. Had it been sold for Rs. 235, the loss percentage would have been
Solution
Selling price = 300
Profit = 20%
Hence cost price = $$\frac{300 \times100}{120} $$ = 250
Now when selling price is 235
loss is 15 rs.
%loss will be = $$\frac{15\times100}{250}$$ = 6
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