Question

# When a person gets loss - (Where SP & CP represent Selling Price and Cost Price respectively)

A

SP>CP

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B

SP=CP

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C

SP<CP

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D

Cannot be determined

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Solution

## The correct option is C SP<CP A person makes a loss when the person sells something at a price lesser than what the person had bought it for. For e.g., If a man purchases a mobile phone for Rs.15000 and sells it for Rs.10000. He incurs a loss of Rs. 5000 as The cost price of mobile = Rs. 15000 The selling price of mobile = Rs. 10000 Loss = Cost Price - Selling Price Loss = Rs. 15000 - Rs. 10000 = Rs 5000

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