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Q.

Find the profit or loss CP = Rs.172, SP = Rs.156:


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a

loss of Rs.16

b

gain of Rs.16

c

loss of Rs.15

d

gain of Rs.15 

answer is A.

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Detailed Solution

Concept: Profit or Loss = Selling price - Cost price is the formula that can be used to determine if a business is making a profit or a loss. If the result is negative, the business is making a loss; otherwise, it is making a profit.
The difference between C.P. and S.P. is the only calculation we need to make initially.
Now,
Question ImageDue to the negative nature of the difference, a loss of Rs. 16 will result.
Hence, the correct answer is option 1.
 
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Find the profit or loss CP = Rs.172, SP = Rs.156: