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Loss

Ram buys a cy...

Question

Ram buys a cycle for ₹3300 and then sells it for ₹2500. He is said to have got a loss of ____ in this transaction.

A

₹550

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B

₹800

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C

₹700

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D

₹650

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Solution

The correct option is B ₹800
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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