Question

A shopkeeper bought a purse for rupees 240 and sold it for rupees 220 find his loss or profit in percent

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Answer 1

8 1/3 %

Explanation:

Since he bought for 240 and sold for 220, decrease is 20 Rupees.

20/240 = 1/12

100/12 = 8.33333 (Repeated)

0.33333 (repeated) = 1/3

8 1/3 %

Hope this helps!