A sold an article with 10 percent loss on the cost price. He bought the article at a discount of 20 percent on the labeled price. What would have been the percentage loss had he bought it at the labeled price ?
Let the marked price be INR 100/-
∴ C.P. = 80/100 × 100
= INR 80/-
S.P. = 80/100 × 90
= INR 72/-
If he bought at marked price i.e. INR 100/-
∴ Loss = 100-72 = INR 28/-
∴ Loss Percentage = 28/100 × 100
= 28%
Directions (Next Five Questions) : In the given questions , two equations numbered I and II are given. You have to solve both the equations and
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II. 4y2-7y-2=0
I. 2x2+11x+14=0
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