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Question
Find the gain or loss percent, if S.P. = Rs. 500 and loss : = Rs. 100
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Solution
S.P. = Rs. 500 and loss : = Rs. 100
∴ C.P. = S.P. + loss
= Rs. 500 + Rs. 100 = Rs. 600
Loss % =`("Loss" xx 100)/"C.P" = (100 xx 100)/600 = 50/3 = 16 2/3%`
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