SOLUTION: By selling an article for 72 rupees a man loses 1/7 of his outlay.if it is sold for 94.5rupees, what is gain or lose percent
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Question 992398: By selling an article for 72 rupees a man loses 1/7 of his outlay.if it is sold for 94.5rupees, what is gain or lose percent
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = his outlay
He sold at a loss, so
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So I can use the same formula:
Let = % LOSS ( gain if it's negative )
If sold for rupees
There is a 12.5% gain
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