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8 years, 4 months ago
8 years, 4 months ago
Suppose that the Actual S.P. of an article is 100 Rs. So Ram would've sold the article @ 80 Rs. Now the loss incurred is 40%. So we can say that (CP-SP)/SP = 4/10. Putting SP as 80 in this equation we get CP =112. Now we can calculate the actual loss by putting CP and SP in the following equation :
Loss = (CP-SP)*100/CP, which will be 28.57%.
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