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A shopleeper an article for Rs. 280. If ...

A shopleeper an article for Rs. 280. If its cost price is Rs. 300, then find his loss percentage.

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CP of the article=Rs. 300
SP of the article=Rs. 280
`SPltCP" and loss"=CP-SP=Rs.(300-280)=Rs. 20`
Loss percentage`=("Loss")/(CP)xx100%`
`=(20)/(300)xx100%=6(2)/(3)%`
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