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Q.

Vijay buys a cupboard for Rs 2,500 and sells it for Rs 2,000. Find his loss.

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a

Rs 300

b

Rs 500

c

Rs 400

d

Rs 600

answer is B.

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Detailed Solution

Given that

CP = Rs 2,500

SP = Rs 2,000

Loss = CP - SP

Loss = 2,500 - 2,000

Loss = 500

Hence, the loss is Rs 500.

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