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Q.

Rekha bought a saree for Rs. 1240 and sold it for Rs. 1147. Find her loss and loss percent.

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a

Rs.93 and 7.5%

b

Rs.93 and 7.5% 

answer is A.

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Detailed Solution

Given,
Cost price (CP) of saree = Rs.1240,
Selling price (SP) of saree = Rs.1147.
Now, loss is given by,
Loss=CPSP Rs.1240Rs.1147  Rs.93   
By using the formula of loss percent,
Loss%= loss×100 CP 93×100 1240 7.5%  
Hence, the loss is Rs. 93 and loss percent is 7.5%.
Therefore, option (1) is correct.
 
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Rekha bought a saree for Rs. 1240 and sold it for Rs. 1147. Find her loss and loss percent.