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Question
A shopkeeper sells his goods at 80% of their cost price. Find the percent gain or losses?
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Solution
Let C.P. of goods = Rs.100
∴ S.P. of goods =`80/100xx100` = Rs.80
Loss = C.P. − S.P.
= Rs.100 − Rs.80 = Rs.20
Loss% =`"Loss"/"C.P."xx100`
`=20/100xx100=20%`
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