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Prices Related to an Item

Gayatri bough...

Question

Gayatri bought a new dress for ₹2580 and then sold it to Rehaana for ₹4690. The difference between the two amounts will be called ___ for Gayatri.

A

Cost Price

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B

Selling Price

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C

Profit

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D

Loss

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Solution

The correct option is C Profit
Price at which Gayatri bought the dress is Cost Price (C.P) for her i.e., ₹2580

Price at which she sold the dress is Selling Price (S.P) for her i.e., ₹4690

Since S.P > C.P, Gayatri made a Profit.
Profit = S.P - C.P = 4690 - 2580 = 2110
Profit = ₹2110

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