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Question

By selling a pen for Rs. 165, Mukti gains 10%. If she had sold it for Rs. 157.50, what percentage would she have lost or gained?

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Solution

Given if selling price of pen = Rs 165
gain = 10
Let cost price be c
then gain = SP-CP
CP= 165-10= 155 Rs
if selling price is = Rs 157.50
then loss = SP-CP
loss = 157.50-755
loss = 2.50 Rs
then loss % = 2.50155×1001.61%
loss % is 1.61 %

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