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Question
Vivaan bought a new watch for ₹6590 and then sold it to Rehaan for ₹5690. The difference between the two amounts will be called___ for Vivaan.
Vivaan bought a new watch for ₹6590 and then sold it to Rehaan for ₹5690. The difference between the two amounts will be called___ for Vivaan.
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Solution
The correct option is D Loss
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.
Loss = C.P - S.P = 6590 -5690 = 900
Loss = ₹900
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.
Loss = C.P - S.P = 6590 -5690 = 900
Loss = ₹900
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