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Finding Discounts

Vivaan bought...

Question

Vivaan bought a new watch for ₹6590 and then sold it to Rehaan for ₹5690. What will be the difference between the two amounts will be called for Vivaan.

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Solution

Price at which Vivaan bought the watch is Cost Price for him.
Price at which he sold the watch is Selling Price for him.
Since C.P > S.P, Vivaan suffered a loss.

Hence, the difference between the two amounts will be called a loss for Vivaan.

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