If the selling price of an item is Rs. 360 and the profit is 25%, find the profit or loss if the same item is instead sold for Rs 260?
If the selling price of an item is Rs. 360 and the profit is 25%, find the profit or loss if the same item is instead sold for Rs 260?
Option 1 -
Loss of Rs. 28
Option 2 -
Profit of Rs. 14
Option 3 -
Loss of Rs. 30
Option 4 -
None of these
Asked by Shiksha User
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1 Answer
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Correct Option - 1
Detailed Solution:(a):From the problem, we have
CP
CP = 72 * 4 = Rs.288
If the same item is sold for Rs.260, there will be a loss of Rs. 288 – Rs. 260 = Rs. 28
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