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A Shopkeeper buys sweets at 11 for a rupee. He bought an equal number of sweets at 10 for a rupee. he sold all the sweets at 8 for a rupee. find loss or gain %

Please solve this for me. I am not able to understand this statement. Can you also explain the meaning of this problem statement ?

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1 Answer 1

Since you are asked about the relative profit, the volume can be set arbitrarily.

Take the amount for both acquisitions to be 8. So he is out 16 rupee and has 8*11+8*10 sweets to sell, or 21 repackaged packets.

Now you should be able to come to the conclusion...

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