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Ratio and Proportion

A man makes a...

Question

A man makes a profit of 20% by selling sweets for Rs 960. What will be his profit or loss per cent if he sells them for Rs 840?

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Solution

Let $C . P = x S . P = R s 960 P r o f i t = 20 % \Rightarrow \frac{120}{100} x = 960$
$\Rightarrow 1.2 x = 960 \Rightarrow x = R s 800$
If $S . P = R s 840 P r o f i t = \frac{40}{800} \times 100 = 5 %$

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