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Cost of an article was Rs. 1,200. If it is sold for Rs. 1,000. Calculate the percentage of loss incurred.
$$ 16\frac{2}{3} $$ %
$$ 12\frac{3}{4} $$
$$14$$%
$$15$$%
Percentage of loss = (CP-SP)/CP = 200/1200 = 16.67%
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