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The cost price of an article is Rs. 500....

The cost price of an article is Rs. 500. The article is marked as Rs. 700. If the shopkeeper sold it at a discount of `30%`, then find the profit or loss percentage.

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The cost price of the articla=Rs. 500
The marked price of the article=Rs. 700
Discount `=30%" of "700=(30)/(100)xx700=Rs. 210`
Selling price = Marked price -Discount `=Rs.(700-210)`
SP=Rs. 490
`:.SPltCP" and loss"=CP-SP`
Loss`=Rs.(500-490)=Rs. 10`
Loss percentage`=("Loss")/(CP)xx100%`
`=(10)/(500)xx100%=2%`
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