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Trading & Profit or Loss Account

A pen is boug...

Question

A pen is bought for Rs 7.75 and sold at Rs 6.25. Find the profit or loss?

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Solution

Dear student,
Given, Cost price(C.P) of the pen=Rs.7.75 and selling price (S.P) of the pen=Rs.6.25
Hence, Loss=(C.P - S.P)=Rs.(7.75 - 6.25)=Rs.1.50
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