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A bookstore purchased from a publisher the biography of a well-known politician for R 150 per copy, but sales have been very poor. The manager

A bookstore purchased from a publisher the biography of a well-known politician for R 150 per copy, but sales have been very poor. The manager has decided to mark the copies down to R 120 each to make a quick sale. Calculate the loss on each book as a percentage of the purchase price.

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