Question

# 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? LossProfit

Solution

## The correct option is A LossCP of the car = Rs. 3,00,000 SP of the car = Rs. 2,80,000 Since CP > SP, Ravi makes a Loss

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