Question
A trader sold an item for Rs. 1800 and made a profit of
25%. If he had sold it for Rs. 1200 instead, what would be the profit or loss percentage?Solution
ATQ,
Cost price = 1800 / 1.25 = Rs. 1440
Loss = 1440 – 1200 = Rs. 240
Loss percentage = (240 / 1440) × 100 = 16.67% loss
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