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Question 93
A man buys an article for Z 490 and sells it for Z 465.50. Find his loss percentage.
Solution
Given that C.P = 490, S.P = 465.5
We know that Loss percentage $$ = \frac{C.P-S.P}{C.P} \times 100 $$
=>Loss % $$ = \frac{24.5}{490} \times 100 $$
=> Loss % = 5%
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