Ram buys a cycle for ₹3300 and then sells it for ₹2500. Find the loss incurred by Ram.

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Solution

The cost price of the cycle is ₹3300. The selling price of the cycle is ₹2500.
Here, the selling price is less than the cost price (₹2500 < ₹3300).
Hence, Ram incurred a loss of
₹3300 - ₹2500 = ₹800 (C.P - S.P)

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