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1. Arif incurred a loss of 25% by selling a used mobile phone set at taka 1500. How much could he gain/loss by selling that at 2200 taka?
- A. 10% loss
- B. 10% loss
- C. 10% loss
- D. 10% loss
Answer: Option C
Explanation:
Arifs buying price was ( 100×1500)/75 = 2000
Now, (2200 - 2000) = 200
So he will gain = ( 200×100)/ 2000 = 10%
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