A shopkeeper sold a chair on rupees 500 and its cost price is 600 how much he is gain or loss find it gain percent or loss percent
A shopkeeper sold a chair on rupees 500 and its cost price is 600 how much he is gain or loss find it gain percent or loss percent
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Cp= 600
since Cp>Sp, its a loss.
therefore loss %= (Cp-Sp)/Cp (always calculated on Cp.)
=600-500/600
=100/600
=1/6%
=0.16% approx.