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The cost price of an article is 90% of its selling price. What is the profit or the loss as a percent ? - Mathematics

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Question

The cost price of an article is 90% of its selling price. What is the profit or the loss as a percent ?

Sum
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Solution

Let S.P. of the article = Rs.100

∴ C.P. of the article =`90/100xx100`

= Rs.90

Gain = Rs.100 − Rs.90 = Rs.10

Gain%`="Gain"/"C.P."xx100`

`=10/90xx100=100/9%=11 1/9%`

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Chapter 8: Profit, Loss and Discount - Exercise 8 (A) [Page 90]

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Selina Concise Mathematics [English] Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (A) | Q 11 | Page 90
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