If Ravi bought a car for Rs.3,00,000 and sold it to his friend for Rs. 2,80,000, did he make a profit or suffer a loss?

Profit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Loss

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Loss
CP is more than SP. Hence, Ravi suffered a loss.

Suggest Corrections

Similar questions

If Ravi had bought a car for Rs.3,00,000 and sold it to his friend for Rs. 2,80,000, does he get a profit or a loss?

Ravi bought a car for $Rs. 3, 00, 000$ and sold it to his friend for $Rs. 2, 80, 000$ . How much profit or loss is incurred by Ravi?

If Ravi had bought a car for ₹3,00,000 and sold it to his friend for ₹2,80,000, does he get a profit or a loss?

R s . 1, 50, 000

R s . 10, 000

R s . 2, 00, 000

A bought a old car for Rs. 3,72,535. After spending Rs. 20,000 on its repaie he sold it for Rs 4,00,000. Find the profit or loss incurred by A.

Join BYJU'S Learning Program