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If cost price of 40 books are equal to selling price of 32 books. Then find the loss or profit percentage? 1). 25% loss2). 25% profit3). 20% loss4). 20% profit |
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Answer» ACCORDING to question, 40 CP = 32 SP ⇒ SP/CP = 40/32 ⇒ SP/CP = 5/4 Now, as the ratio of SELLING price and cost price is greater than 1 so, we have a profit in this deal ∴ Profit % = {(SP – CP)/CP} × 100 = {(SP/CP) – 1} × 100 = {(5/4) – 1} × 100 = (1/4) × 100 = 25% |
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