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The Deep Dive
To determine the Selling Price (SP) when you have a Loss Percentage, you can use the formula: \[ SP = CP - (Loss \% \times CP) \] Plugging in the numbers, we get: \[ SP = 750 - (15\% \times 750) \] \[ SP = 750 - 112.5 = Rs. 637.5 \] So, the Selling Price in this case is Rs. 637.5. If you’re ever unsure how to handle loss percentages, remember that it’s all about keeping the math straightforward! A common mistake is to confuse loss percentage with profit percentage. Always double-check whether you’re decreasing (for loss) or increasing (for profit) the cost price, and don’t forget to convert percentages into decimals when performing calculations. You're all set to handle it now!
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