Math Problem Statement

A shopkeeper sells his goods at 13.33% loss on selling price.find his loss Percentage on cost price

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage
Profit and Loss
Cost Price and Selling Price

Formulas

Loss = 13.33% × SP
Cost Price = Selling Price + Loss
Loss Percentage on Cost Price = (Loss / Cost Price) × 100

Theorems

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Suitable Grade Level

Grades 8-10