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

loss

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

discount

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

profit

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

Open in App

Solution

The correct option is C profit
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.

Suggest Corrections

Similar questions

Ram buys a cycle for Rs $3500$ and He sells it at a profit of Rs $300$ . what is the selling price of the cycle."

Join BYJU'S Learning Program