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PROFIT AND LOSS:

1
## Answers

Cost Price → P

Selling Price → P+∆P

Profit (or) Loss → ∆P

Relative Profit (or) Relative Loss →

1.

Hence, Net Gain (or) Net Loss is .

Relative Net Gain.

Gain Percent is 1.714%.

2.

Hence, .

Cost Price is 750 and Profit is 150.

3. Let 'P' be the price of article, then .

Hence, Cost Price (P) is 56.25.

Now, .

Then Selling Price (P+∆P) is 67.5.

4. We have, .

Then, Cost Price (P) is 110.