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Cost Price and Selling Price

Rohan buys a ...

Question

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

A

profit

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B

loss

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C

discount

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Solution

The correct options are
A profit
B loss
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, Rohan incurred a LOSS of ₹ 3300 - 2500 = ₹ 800 (C.P - S.P)
Discount is the reduction in price calculated on the marked price.

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