Question

If cost price of an item is ₹ 920 and selling price for the same is ₹ 800, which of the following is true?

• A. Loss of ₹ 120
• B. Loss of ₹ 100
• C. Profit of ₹ 120
• D. Profit of ₹ 100

Answer 1

The correct option is A

Loss of ₹ 120

CP = ₹ 920
SP = ₹ 800
When the cost price is greater than the selling price, we say a loss is incurred and the loss is calculated as follows:

Loss = CP - SP = ₹ 920 - ₹ 800 = ₹ 120