If CP = ₹120 and SP = ₹80, then profit or loss is equal to

(a) ₹40 loss
(b) ₹60 loss
(c) ₹40 profit
(d) ₹60 profit

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Solution

Since, CP is more than SP.

Therefore, loss = CP − SP
= ₹120 − ₹80
= ₹40

Hence, the correct option is (a).

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