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Question
Nasim bought a pen for ₹ 60 and sold it for ₹ 54. His ______ % is ______.
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Solution
Nasim bought a pen for ₹ 60 and sold it for ₹ 54. His loss % is 10%.
Explanation:
Given, C.P. of a pen = ₹ 60
And S.P. of a pen = ₹ 54
Since, C.P. > S.P.
∴ Loss = C.P. – S.P.
= 60 – 54
= ₹ 6
Now, Loss% = `"Loss"/(C.P.) xx 100%`
= `6/60 xx 100%`
= 10%
Hence, Nasim’s loss% is 10%.
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